SEISS Lower Than Expected?

jazz20

This morning I applied for the self-employed income support scheme grant. I started my business in November 2017 meaning my annual profit for tax year 17/18 (for only 4 months of trading) have been pro-rated across the full year (12 months) which massively brings my average earnings (across the past 2 years) down. In fact I have received half of what my 18/19 profits are as a result. Is this right / fair? Why not take the average from actual the business start date? Absolutely devastated right now. 

slacky1230

I'm in the same boat and there's quite a few others. Lodge an appeal more people that appeal the more hope they'll change it 

whizzywoo

Those are the rules of how the scheme works.  There are winners and losers.

Jeremy535897

jazz20 said:

This morning I applied for the self-employed income support scheme grant. I started my business in November 2017 meaning my annual profit for tax year 17/18 (for only 4 months of trading) have been pro-rated across the full year (12 months) which massively brings my average earnings (across the past 2 years) down. In fact I have received half of what my 18/19 profits are as a result. Is this right / fair? Why not take the average from actual the business start date? Absolutely devastated right now. 

The process is automated. You can't automate it if you take account of part years. If they did, nobody would get anything because it would have to be done manually.