***๐๐ง ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐ฅ๐๐ฎ๐ฌ๐ ๐ข๐ง “๐ฐ๐ก๐จ ๐๐๐ง ๐๐ฅ๐๐ข๐ฆ?” ๐ก๐๐ฌ ๐๐๐๐ง ๐ข๐ง๐ญ๐ซ๐จ๐๐ฎ๐๐๐ ๐จ๐ง ๐ญ๐ก๐ ๐๐/๐๐/๐๐๐๐, please see our links below for examples of who is, and who is not able to claim***
1. Is it an ๐๐% grant ๐ข๐ง ๐ญ๐จ๐ญ๐๐ฅ? -๐๐๐, ๐ข๐ญ ๐ข๐ฌ ๐ง๐จ๐ฐ!!! !๐๐ก๐ ๐๐ฆ๐จ๐ฎ๐ง๐ญ ๐ข๐ฌ ๐ง๐จ๐ฐ ๐ญ๐ก๐ ๐ฌ๐๐ฆ๐ ๐๐ฌ ๐ญ๐ก๐ ๐๐ข๐ซ๐ฌ๐ญ ๐ ๐ซ๐๐ง๐ญ!
2. ๐๐ก๐๐ง does the claims window open? – The Online claims window opens on the ๐๐๐ญ๐ก ๐จ๐ ๐๐จ๐ฏ๐๐ฆ๐๐๐ซ ๐๐๐๐
3. ๐๐ก๐จ can claim? – Those who ๐๐๐ญ๐ฐ๐๐๐ง ๐ญ๐ก๐ ๐๐ฌ๐ญ ๐๐จ๐ฏ๐๐ฆ๐๐๐ซ ๐๐ง๐ ๐ญ๐ก๐ ๐๐๐ญ๐ก ๐๐๐ง๐ฎ๐๐ซ๐ฒ ๐๐๐๐ are trading but are impacted by ๐ซ๐๐๐ฎ๐๐๐ ๐๐๐ฆ๐๐ง๐ (for example lack of work, less opportunity to work (no home visits etc.)
๐๐ฅ๐ฌ๐จ, those who ๐๐๐ญ๐ฐ๐๐๐ง ๐ญ๐ก๐ ๐๐ฌ๐ญ ๐๐จ๐ฏ๐๐ฆ๐๐๐ซ ๐๐ง๐ ๐ญ๐ก๐ ๐๐๐ญ๐ก ๐๐๐ง๐ฎ๐๐ซ๐ฒ ๐๐๐๐ were trading but are temporarily unable to do so, this is a little bit of a grey sentence as it can cover a vast range of circumstances. If you were working but can’t temporarily, you can claim.
******๐๐๐ ๐๐/๐๐/๐๐๐๐*****
Reasonably believe there ๐ฐ๐ข๐ฅ๐ฅ ๐๐ ๐ ๐ฌ๐ข๐ ๐ง๐ข๐๐ข๐๐๐ง๐ญ ๐ซ๐๐๐ฎ๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ฒ๐จ๐ฎ๐ซ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ฉ๐ซ๐จ๐๐ข๐ญ๐ฌ due to reduced demand or your inability to trade, as a result of ๐๐จ๐ซ๐จ๐ง๐๐ฏ๐ข๐ซ๐ฎ๐ฌ during the period ๐๐ฌ๐ญ ๐๐จ๐ฏ๐๐ฆ๐๐๐ซ ๐ญ๐จ ๐๐๐ญ๐ก ๐๐๐ง๐ฎ๐๐ซ๐ฒ ๐๐๐๐.
We understand (and the direction makes it clear) that the significant reduction in trading profits (earned less) test is to be applied to the tax year as a whole.
The significant reduction of trading profits (earned less) will be expected to appear in the results they report on their 2020/21 tax return.
๐๐๐๐ ๐๐ฑ๐ฉ๐๐๐ญ๐ฌ you to make an ๐ก๐จ๐ง๐๐ฌ๐ญ ๐๐ฌ๐ฌ๐๐ฌ๐ฌ๐ฆ๐๐ง๐ญ about whether you reasonably believe your business will have a significant reduction in profits. (how much you earn)
https://bit.ly/NJB-SEISS-EXAMPLES
HMRC has specifically said that a reduction in profits due to increased costs (๐ฌ๐ฎ๐๐ก ๐๐ฌ ๐ก๐๐ฏ๐ข๐ง๐ ๐ญ๐จ ๐๐ฎ๐ฒ ๐ฆ๐๐ฌ๐ค๐ฌ) ๐๐จ๐๐ฌ ๐ง๐จ๐ญ ๐๐จ๐ฎ๐ง๐ญ ๐๐จ๐ซ ๐ญ๐ก๐ ๐ฉ๐ฎ๐ซ๐ฉ๐จ๐ฌ๐ ๐จ๐ ๐ญ๐ก๐ ๐ญ๐ก๐ข๐ซ๐ ๐ ๐ซ๐๐ง๐ญ.
In short, to claim the third you must earn less because there is ๐ฅ๐๐ฌ๐ฌ ๐จ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐ญ๐จ ๐ฐ๐จ๐ซ๐ค between Nov and Jan, not because you have to spend more on materials, PPE, travel etc.
https://bit.ly/NJB-SEISS-EXAMPLES
๐๐จ ๐๐ฅ๐๐ข๐ฆ can be made where the reduced activity, capacity or demand is caused solely because the person is required to self-isolate, or care for a person required to self-isolate, ๐๐ฌ ๐ ๐ซ๐๐ฌ๐ฎ๐ฅ๐ญ ๐จ๐ ๐ญ๐ซ๐๐ฏ๐๐ฅ๐ฅ๐ข๐ง๐ ๐ญ๐จ ๐ญ๐ก๐ ๐๐.
You must also intend to continue trading. If you intend on leaving self-employment, for example retiring or switching to a full-time PAYE position, you should not claim.
https://bit.ly/NJB-SEISS-EXAMPLES
Please read between the lines of HMRC’s examples and notice that ๐ญ๐ก๐ ๐๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ข๐จ๐ง ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ข๐ฌ ๐ข๐ง๐๐ฅ๐ฎ๐๐๐ ๐ข๐ง ๐๐ฅ๐ฅ ๐๐๐๐ ๐๐ฑ๐๐ฆ๐ฉ๐ฅ๐๐ฌ!
All other criteria are the same as it was for the first and second grants, ๐ฒ๐จ๐ฎ ๐ฆ๐ฎ๐ฌ๐ญ ๐ก๐๐ฏ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐๐ ๐๐ง ๐๐.๐๐ ๐ซ๐๐ญ๐ฎ๐ซ๐ง ๐ญ๐จ ๐๐ ๐๐ฅ๐ข๐ ๐ข๐๐ฅ๐. *******************************************************************4. Are these ๐ ๐ซ๐๐ง๐ญ ๐ญ๐๐ฑ๐๐๐ฅ๐ ๐๐ง๐ ๐ฌ๐ฎ๐๐ฃ๐๐๐ญ ๐ญ๐จ ๐๐๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ฎ๐ซ๐๐ง๐๐? – ๐๐๐ฌ, just as the first two were.
5. Will this ๐ ๐ซ๐๐ง๐ญ ๐ซ๐๐๐ฎ๐๐ ๐๐ฅ๐๐ข๐ฆ๐ฌ ๐๐จ๐ซ ๐ฎ๐ง๐ข๐ฏ๐๐ซ๐ฌ๐๐ฅ ๐๐ซ๐๐๐ข๐ญ? – ๐๐๐ฌ, universal credit is an income-based benefit, and these grants are income-based support. More info: http://bit.ly/MSE-UC-Claim
๐๐จ๐ซ๐ ๐ฎ๐ฌ๐๐๐ฎ๐ฅ ๐ฅ๐ข๐ง๐ค๐ฌ ๐๐ง๐ ๐ซ๐๐ฌ๐จ๐ฎ๐ซ๐๐๐ฌ:
https://bit.ly/NJB-SEISS-EXAMPLES
https://blog.njb-taxback.co.uk/
https://bit.ly/ICAEW-SEISS-3rd-GRANT
http://bit.ly/HMRC-SEISS-GUIDE
http://bit.ly/MSE-Covid-19-SEISS
https://bit.ly/NJB-COVID-GUIDE
๐๐๐ ๐๐จ๐ซ ๐๐ง๐๐จ๐ฆ๐ ๐ญ๐๐ฑ, ๐๐ข๐ ๐๐ก๐๐ง๐ ๐๐ฌ ๐๐ซ๐ ๐๐จ๐ฆ๐ข๐ง๐
http://bit.ly/NJB-MTD
https://bit.ly/MTD-Survival-Guide
https://bit.ly/HMRC-MTD-Guide
https://bit.ly/NJB-Starling-Free-Business-Account