Continued SEISS eligibility if recently employed

itsacroissant

Hello. I've been self employed for many years, my income dropped by roughly 60% due to COVID and I received the first three grants. I have recently (2 months ago) become employed along with my self employed work, the employment has raised my earnings back to just above my previous earnings, although I seem to be working almost twice the hours as this time last year.

Am I still eligible, even if my employment now accounts for 70% of my earnings? Thanks!

Dazed_and_C0nfused

I didn't think the criteria for the fourth grant was being announced until tomorrow?

macman

Almost certainly yes, because the last tax year for which figures are relevant for SEISS 4 is 19/20 (the first three grants were based on 18/19). Your employment only commenced in tax year 20/21, so is not relevant.
The only factor we don't know about yet is whether the 50% rule will remain the same: i.e. 50% of your earnings in the qualifying tax year must be from self employment.

itsacroissant

Thanks for the replies!

Jeremy535897

The latest on SEISS 4 is here:
https://www.gov.uk/government/publications/self-employment-income-support-scheme-grant-extension/self-employment-income-support-scheme-grant-extension

2020/21 income will not affect the calculations, but you have to have traded in 2019/20 and 2020/21 to be eligible to claim, and intend to continue to trade.