As before, to make a claim for the third grant, you must:
• be a self-employed individual or a member of a partnership. You cannot claim the grant if you trade through a limited company or a trust.
• have traded in both the tax years 2018 to 2019 and 2019 to 2020.
For the third SEISS grant you must also:
• either be currently trading but are impacted by reduced activity, capacity or demand, or have been previously trading but are temporarily unable to do so due to coronavirus.
• declare that you intend to continue to trade, and that you reasonably believe that the impact on your business will cause a significant reduction in their trading profits.
• only claim if the reduction in profits is caused by reduced business activity, capacity or demand, or inability to trade due to coronavirus – reduction in profits due to increased costs (such as having to buy masks) does not count for this purpose.
There will also be a fourth grant (covering the three-month period from February 2021 to April 2021). We’ll tell you more about that nearer the time, including how much it will be and the rules for claiming.