How are they working out average monthly profit on seiss 5?

sharon1214

Hi,
Kind of looking for someone who’s already applied for the seiss 5
I know on previous seiss grants they took upto 4 years combined and averaged that out.

for seiss 5 did they take your reference year 19/20 and average that out by 12 months to work out how much you get? Or did they combine for 4 years again? 

Jeremy535897

The calculation is the same as for SEISS 4, but the turnover test may reduce it from 80% (equivalent to SEISS 4) to 30%.