Government issues new Treasury Direction in relation to the fourth payment under the Self-Employment Income Support Scheme

Direction confirms that claims for SEISS 4 must be made on or before 1 June 2021

The Government has issued a new Treasury Direction in relation to the fourth payment under the Self-Employment Income Support Scheme (SEISS).

Following the government's confirmation of a fourth SEISS grant in Budget 2021, the new Treasury Direction has been made under section 76 of the Coronavirus Act 2020 and clarifies that SEISS 4 is a modification and extension of the SEISS and accordingly all the provisions of SEISS, the SEISS Extension and SEISS 3 will apply.

In addition, the Schedule to the Direction advises that -

a claim for SEISS 4 must be made on or before 1 June 2021;
a claim is now possible by a person who has filed a tax return for the 2019/2020 year;
the grant will be paid in respect of the period from 1 February to 30 April 2021; and
the amount of the SEISS 4 payment will be the lower of £7,500 or 80 per cent of average trading profits over a three month period.