The online service to claim the fifth grant will be available from late July 2021. You must make your claim on or before 30 September 2021.

If you’re a self-employed individual or a member of a partnership and have been affected by the coronavirus (COVID-19) crisis, you can apply for a taxable grant through the Self-Employment Income Support Scheme (SEISS).

The amount of the fifth grant will be determined by how much your business turnover has been reduced.

The fifth grant will be worth:

• 80% of 3 months’ average trading profits, capped at £7,500, for those with a turnover reduced by 30% or more
• 30% of 3 months’ average trading profits, capped at £2,850, for those with a turnover reduced by less than 30%

The fifth grant is different from previous grants. In most cases, when making your claim you’ll need to tell HMRC about your business turnover so they can work out which level of grant you can receive.

To make your claim, you’ll need to have 2 different turnover figures. You’ll need to work out your turnover for:

• A 12-month period starting between 1 April 2020 and 6 April 2020
• Either 2019 to 2020 or 2018 to 2019

Further details can be found here.