SEISS application: When will the Government gateway open for claims? Latest update


Under the new rules, the percentage of profits one person receives from SEISS grant five could be drastically different to another person.

Ms Lennon added: “Under grant five, if you have seen your turnover/sales reduce by 30 percent or more the grant will be for 80 percent of your average monthly trading profits, capped at £7,500.

“If your losses are less than 30 percent, the grant will be worth 30 percent of three months’ average trading profits, capped at £2,850.”

Rebecca Thornley-Gibson, a partner at law firm DMH Stallard, pointed out this could be an issue for people whose turnover has reduced only slightly less than 30 percent.

Ms Thornley-Gibson told “The Government has not yet provided its guidance on how to work out how turnover has been affected, but no tapering in respect of turnover reduction and award of grant will mean an individual whose turnover has reduced by 29 percent will receive significantly less than an individual whose turnover is reduced by 31 percent. The potential for some interesting accounting is obvious.”


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