SEISS warning: Claimants 'are confused' about how grants impact tax returns - what to know

To be eligible for the grants, a person's trading profits must be no more than £50,000 and at least equal to their non-trading income.

Should a claimant not be eligible based on their 2019 to 2020 return, the Government will then look at the tax years 2016 through to 2020.

Should a person make a claim, they will need to declare:

They intend to continue to trade

They reasonably believe there will be a significant reduction in their trading profits due to reduced business activity, capacity, demand or inability to trade due to coronavirus from May 2021 to September 2021