Live Breaking News & Updates on Seiss Fourth Grant|Page 8
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| UPDATED: 18:54, Thu, Jan 14, 2021 Link copied Make the most of your money by signing up to our newsletter for FREE now SUBSCRIBE Invalid email When you subscribe we will use the information you provide to send you these newsletters. Sometimes they ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time. SEISS was designed by the government to provide assistance to individuals whose business has been affected by the ongoing COVID-19 crisis. Through a series of grants, four in total by the scheme’s scheduled finishing date, eligible people can expect to receive a proportion of their average trading income to provide them with the financial support they need. However, self-employed people are now being warned they must declare COVID-19 grants in future tax returns. ....
THE SELF-EMPLOYED are facing difficulties due to the third national lockdown in England, so what percentage of average monthly trading profits will the fourth SEISS grant be worth? ....
| UPDATED: 12:48, Mon, Jan 11, 2021 Link copied Make the most of your money by signing up to our newsletter for FREE now SUBSCRIBE Invalid email When you subscribe we will use the information you provide to send you these newsletters. Sometimes they ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time. SEISS, or the Self-Employment Income Support Scheme, has been criticised several times in recent months as it became clear many would be excluded from Rishi Sunak s support. The Government has made attempts to address it with limited success. ....
| UPDATED: 15:13, Fri, Jan 8, 2021 Link copied Make the most of your money by signing up to our newsletter for FREE now SUBSCRIBE Invalid email When you subscribe we will use the information you provide to send you these newsletters. Sometimes they ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time. Chancellor Rishi Sunak announced the Self-Employment Income Support Scheme last year, as part of the Government’s support package for businesses and workers during the coronavirus pandemic. The scheme has since paid out billions of pounds worth of taxable grants to many self-employed individuals, although a number of self-employed people have been excluded from the scheme s eligibility criteria. ....
The third set of grants from SEISS must be claimed for by January 29 and they will be capped at £7,500 in total. Martin explained eligibility has largely remained unchanged, with those earning profits over £50,000, who haven t done a 2019/19 tax return, who are new starters or have 50 percent of their income not come from self-employment not qualifying. However, Martin went on to explain a key rule for claims which has recently been updated: Here s what s crucial. What s really important to understand is that when you apply for this you need to make a declaration that you have a reasonable belief that you will have a significant trading profit reduction due to Covid. ....