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SEISS 4 to claim or not to claim
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mags21
Posts: 614 Forumite
Nothing like a deadline to focus the mind! my dilemma is that income is very much seasonal from April to October. I didn’t claim SEISS 3 as I have negligible business turnover from 1st November to 31st January. For the SEISS 4 period, 1st February to 30th April, I calculate that I have lost 12% of my annual turnover based on average turnover from April 2016 - April 2020.
Friends in a similar situation have claimed but they don’t overthink a situation like I do.
For the year 2020 - 21 I have had the first two SEISS grants, a loss of profits insurance payout, a local council grant AND a restart grant.
What to do please?
For the year 2020 - 21 I have had the first two SEISS grants, a loss of profits insurance payout, a local council grant AND a restart grant.
What to do please?
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It is trading profits you need to look at, not turnover, for SEISS 4.
https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme
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