SEISS grant 5: How will HMRC calculate the fifth grant? | Personal Finance | Finance


The fifth grant will be worth 80 percent of average monthly trading profits, capped at £7,500, if the claimant has a turnover reduction of 30 percent or more.

Claimants who have a turnover reduction of less than 30 percent can still receive a SEISS grant.

However, the grant will be reduced to 30 percent of average monthly trading profits, capped at £2,850.

The fifth SEISS grant covers the period of May to September 2021, however it is worth noting only three month’s worth of trading profits will be paid out.





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