To apply for grant funding through the latest round of the Self-Employed Income Support Scheme (SEISS), self-employed workers need to consider and be able to demonstrate that their income has been ‘adversely affected’ by the Covid-19 pandemic as part of the claims process.
This eligibility criteria is very specific and reasons for being adversely affected include not being able to work due to self-isolating, shielding or if you had caring responsibilities caused by covid-19 that took over.
A self-employed worker could also be affected if they were forced to stop working or their business was shut down temporarily or scaled down due to lockdown.
Staff shortages, a prominent decrease in customers or clients, and making your workplace ‘COVID secure’ are also valid reasons, according to the Government’s original guidance.
If you were adversely affected during the start of the coronavirus outbreak, but your trading patterns have picked up since, then you may no longer be able to claim further SEISS grants.
Please note it is no longer possible to claim for the first, second or third grant. The latest grant includes additional criteria that need meeting.
Under the latest rules, adversely affected businesses must specifically:
- have suffered reduced activity, capacity or demand; and
- have reasonably believed that they would have suffered a significant reduction in trading profits.
For this test, it is not sufficient to have been adversely affected only by having increased costs, such as additional expenditure on personal protective equipment (PPE).
To show that your company has been affected and you are eligible to claim, you must keep up to business records.
If you have more than one trade, only one of your trades needs to be adversely affected to claim, and the grant is calculated by using your profits from all, regardless if only one has been affected.
For more information or advice on the SEISS grant, please contact our experts today.