Self Employment Grant Calculator
We have provided an easy to use calculator designed to help you estimate the third grant that may be available to you under the Self-Employment Income Support Scheme (SEISS). Scroll down to access our handy tool.
In the recent Winter Economy Plan, the Government announced that a third grant would be available under the Self-employment Income Support Scheme. This grant covers the period from November 2020 to January 2021, and the level of grant has been increased to support businesses during the new coronavirus lockdown measures.
In addition to the calculator below, we have detailed all of the financial support available to the Self Employed here.
Are you eligible for the third SEISS grant?
In order to be eligible for the third grant under the Government’s Income Support Scheme you must:
- Have traded in the tax year 2018/19 and submitted your Self-Assessment tax return on or before 23 April 2020 for that year
Declare that you are currently actively trading and intend to continue to trade and either:
- are currently actively trading but are impacted by reduced demand due to coronavirus; or
- were previously trading but are temporarily unable to do so due to coronavirus
Your trading profits must also be no more than £50,000 and more than half of your total income for either:
- the tax year 2018/ 2019
- the average of the tax years 2016/2017, 2017/ 2018, and 2018/2019
Grant Estimator Tool
This easy to use tool is designed to give you an indication of how much you may be able to claim.
How to use our calculator
You will need to obtain information from your filed tax returns for 2018/19, 2017/18 and 2016/17 to estimate your grant.
Leave blank any years during which you were not self-employed.
If you made a loss in any of the years then please enter a minus before the amount.
Before using this tool please see our disclaimers below.
Please review the eligibility criteria above before using this tool. Due to the complexities of every individual’s taxation needs, this tool should only be used for estimations.
The information shared here is intended to inform rather than advise. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this information, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.
When applying for Government support, we urge all our clients to be wary of the coronavirus scams targeting businesses and individuals.
How we can help you
For more information about the Government’s income support measures for the self-employed, contact our team for your free, no obligation telephone or video consultation. Call us today on 01536 428 444 or enquire online.
Can’t find what you are looking for?
We have a wide range of services, information and resources.
Search our website to read more about the topics that interest you.
Sign up for our newsletter
Receive important tax news suitable for business owners and self-employed professionals.