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HMRC has published guidance on eligibility to claim the fifth self-employment income support scheme grant.
The department will contact eligible individuals in mid-July giving them a date from when they can make a claim. The online service to claim the fifth grant will be available from late July 2021 and claims must be made on or before 30 September 2021.
As well as having traded in 2019-20 and 2020-21 to be eligible the person must have:
- submitted their 2019-20 tax return on or before 2 March 2021;
- trading profits of no more than £50 000; and
- trading profits at least equal to their non-trading income.
Taxpayers must also declare that they:
- intend to keep trading in 2021-22; and
- reasonably believe there will be a significant reduction in their trading profits due to the impact of Covid-19 between 1 May 2021 and 30 September 2021.
Claimants will need to provide two turnover figures:
- a 12-month...
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