Applications are expected to open from late July 2021 and claimants will be able to submit their claims via the dedicated online service.
What is clear about the application process so far is that the fifth grant is worth 80 percent of three months' average trading profits, capped at £7,500, for claimants who have seen a turnover reduction of 30 percent or more.
People who have seen a turnover reduction of less than 30 percent may get a grant worth 30 percent of three months' average trading profits.
In this case, the total amount of the fifth grant will be capped at £2,850.
SEISS helpline: How to contact HMRC about self-employed grants
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