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  • Writer's pictureBrian Pusser

3rd Grant with Stricter Criteria

๐“๐ก๐ž ๐Ÿ‘๐ซ๐ ๐ ๐ซ๐š๐ง๐ญ ๐ข๐ฌ ๐ง๐จ๐ฐ ๐จ๐ฉ๐ž๐ง ๐›๐ฎ๐ญ ๐ก๐š๐ฌ ๐ฌ๐ญ๐ซ๐ข๐œ๐ญ๐ž๐ซ ๐œ๐ซ๐ข๐ญ๐ž๐ซ๐ข๐š

You can get as much as ยฃ7,500. This is made up of 80% of three monthsโ€™ worth of average monthly trading profits capped at ยฃ2,500/month. To calculate this, HMRC looks at your tax returns from 2018/19, 2017/18 & 2016/17.


You must earn at least 50% of your total income from self-employment. To check this, HMRC will first look at your 2018/19 tax return to see if it was the case then โ€“ if you donโ€™t qualify based on 2018/19 alone, it will then look at the tax years 2016/17, 2017/18 and 2018/19 to see if the average of your trading profits across the three tax years was more than 50% of your total income.


Your average trading profit must be less than ยฃ50,000/year. This is essentially a โ€˜cliff-edgeโ€™ requirement โ€“ so those whose average annual trading profit is more than ยฃ50,000 (to be specific, ยฃ50,000.01 or above) wonโ€™t be able to get any support from this scheme.

At the end of November 2020, HMRC published fresh guidance on who qualifies for the third grant. Itโ€™s a bit more strict than the previous two grants and you must satisfy three new criteria โ€“ ๐’š๐’๐’– ๐’๐’†๐’†๐’… ๐’•๐’ ๐’•๐’Š๐’„๐’Œ ๐‘จ๐‘ณ๐‘ณ ๐’๐’‡ ๐’•๐’‰๐’†๐’Ž, ๐’๐’๐’• ๐’‹๐’–๐’”๐’• ๐’๐’๐’† ๐’๐’“ ๐’•๐’˜๐’.


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