Reminder for businesses: Deadline for the first SEISS grant

To remind businesses that are eligible for the first Self-employment Income Support (SEISS) grant, that they must make their claim by Monday 13 July.

Although HMRC did not advise a cut off point when the applications opened, the 13 July deadline as the final date for submitting claims was announced when the scheme was extended.

HMRC’s guidance states that you’re eligible to make a claim,’ If you're self-employed or a member of a partnership and have been adversely affected by coronavirus (COVID-19)’. Businesses cannot make a claim based on ‘an adverse effect you think may happen in the future’ – they must have been adversely affected on or before the cut off date. To make a claim for the second grant, they must have been adversely affected after that date.

For more information about SEISS, eligibility criteria and how to make a claim, visit the GOV.UK website.

About the Author

Martin Johnson

Partner

With expertise in advising family-owned companies on a range of tax, accountancy and business issues, Martin also has an in-depth knowledge of the automotive and property sectors. In addition, he provides advice on inheritance tax planning and financial management to owner-managed businesses.  Martin leads the firm in developing its expertise in the buy-to-let sector, advising both residential and commercial property owners on relevant tax and legislation issues. A further element to Martin’s role is to build Torgersens’ relationships with banks, financial advisors and specialists in commercial and employment law to ensure that the firm’s clients have access to market-leading guidance.  

To get in touch please e-mail martin.johnson@torgersens.com.