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SEISS grant: FIVE things you should know before claiming SEISS


have been trading but are temporarily unable to do so due to coronavirus
You must also declare that:
you intend to continue to trade
you reasonably believe there will be a significant reduction in your trading profits
SEISS grant: Self Employment Income Support Scheme explained (Image: EXPRESS)
SEISS grant: Claimants be self-employed individuals or members of partnerships (Image: GETTY)
What is a significant reduction?
To be eligible for SEISS claimants must decide whether the impact on their business is enough to be classed as a significant reduction.
The Government website states: “HMRC cannot make this decision for you because your individual and wider business circumstances will need to be considered when deciding whether the reduction is significant. ....

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SEISS: Everything you need to know about Grant 3 as deadline looms in January 2021 | Personal Finance | Finance


| UPDATED: 11:44, Tue, Jan 19, 2021
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SEISS is formally known as the Self-Employment Income Support Scheme and has been in place since 2020, but was extended to provide further support. This meant a third and fourth grant have been made available into 2021 to reflect the ongoing nature of the crisis. SEISS three is intended to cover November 2020 to January 2021 with a grant worth 80 percent of a person’s average monthly trading profits. ....

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