A fifth grant covering May 2021 to September 2021 will be open to claims from late July 2021. Guidance for claiming the grant will be available by the end of June 2021.
You must have traded in the tax years: 2019 to 2020 and submitted your tax return on or before 2 March 2021, plus 2020 to 2021.
You must either be currently trading but impacted by reduced demand due to coronavirus, or have been trading but temporarily unable to do so due to coronavirus.
You must declare that you intend to continue to trade, and that you reasonably believe there will be a significant reduction in your trading profits due to reduced business activity, capacity, demand or inability to trade due to coronavirus from May 2021 to September 2021.
You must keep evidence that shows how your business has been impacted by coronavirus resulting in less business activity than otherwise expected.
The amount of the fifth grant will be determined by how much your turnover has been reduced in the year April 2020 to April 2021:
Turnover reduction How much you’ll get Maximum grant
30% or more 80% of 3 months’ average trading profits £7,500
less than 30% 30% of 3 months’ average trading profits £2,850
If you’re eligible based on your tax returns, HMRC will contact you in mid-July 2021 to give you a date that you can make your claim from. The online claims service for the fifth grant will be available from late July 2021.
Those of you who so enjoyed arguing the finer (or indeed rougher) points of SEISS 4 can now turn to the next course on the menu ... or of course wait for the promised guidance (or even legislation) in the hope of greater insights - although I wouldn't offer good odds on that being achieved given the ongoing use of "reduced", "reasonably" and "significant" as key factors.