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SEIS Eligibility

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If I only became self employed in Feb 2020 and have only one invoice included on the 19/20 SA Tax return, but was self employed until October 2020 (that years return not yet submitted) would I be eligible for an SEIS support?

sled emolument wasn’t 50% of my income in 19/20 but was in 20/21.

I’ve read the government documents but am not certain if I need to have been self employed for longer to claim?

Any views received gratefully!

Comments

  • MJB1419
    MJB1419 Posts: 6 Forumite
    First Post
    MJB1419 said:
    If I only became self employed in Feb 2020 and have only one invoice included on the 19/20 SA Tax return, but was self employed until October 2020 (that years return not yet submitted) would I be eligible for an SEIS support?

    sled emolument wasn’t 50% of my income in 19/20 but was in 20/21.

    I’ve read the government documents but am not certain if I need to have been self employed for longer to claim?

    Any views received gratefully!
    Self employment not sled emoulment 🤦🏻‍♂️
  • MattMattMattUK
    MattMattMattUK Posts: 11,222 Forumite
    10,000 Posts Fourth Anniversary Name Dropper
    MJB1419 said:
    If I only became self employed in Feb 2020 and have only one invoice included on the 19/20 SA Tax return, but was self employed until October 2020 (that years return not yet submitted) would I be eligible for an SEIS support?

    sled emolument wasn’t 50% of my income in 19/20 but was in 20/21.

    I’ve read the government documents but am not certain if I need to have been self employed for longer to claim?

    Any views received gratefully!
    Do you mean that you have now ceased self employment? If your self employment has ceased, then no.
  • poppy12345
    poppy12345 Posts: 18,880 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper
    MJB1419 said:
    MJB1419 said:
    If I only became self employed in Feb 2020 and have only one invoice included on the 19/20 SA Tax return, but was self employed until October 2020 (that years return not yet submitted) would I be eligible for an SEIS support?

    Even if you were still self employed you would have needed to submit your 19/20 tax returns no later than 2nd March 2021, otherwise you can't claim.

  • sheramber
    sheramber Posts: 22,550 Forumite
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
     OP has not said 19/20 return was not submitted.

    6 April 2020 to October 2020 is the  tax year 2020/2021  
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