With views to the “significant reduction” criteria, the Government guidance for SEISS states: “Ahead you make a claim, you must decide if the impact on your business inclination cause a significant reduction in your trading profits for the tax year you tell of them in.
“HMRC cannot make this decision for you because your human being and wider business circumstances will need to be considered when settle oning whether the reduction is significant.
“You should wait until you have a fair belief that your trading profits are going to be significantly tone down, before you make your claim.”
Applications will soon stingy for the third SEISS grant, but Chancellor Rishi Sunak announced continue year the SEISS scheme will also offer a fourth grant-in-aid in 2021.
The fourth grant will cover February to April 2021, but the eligibility criteria has not yet been publicized.