Although SEISS is good news for many, more than a third of musicians are likely to miss out on Government support, according to new research by the MU. Photo: Shutterstock
Self-employed musicians who are eligible for the SEISS scheme will be able to claim a taxable grant worth 80% of their average trading profits up to a maximum of £7,500 (equivalent to three months’ profits), paid in a single instalment.
The government have also released new guidance on how different circumstances affect SEISS claims which you may find helpful to read on their website.
As of Monday 4 May, HMRC has begun to contact customers who may be eligible, but they are also inviting the self-employed to complete an online check on their website.
Once you have completed the online check, you will be given a date for when you’ll be able to submit your claim.
To complete the check quickly, you will need to:
- Have your Unique Taxpayer Reference (UTR) and your National Insurance Number to hand
- Make sure your details are up-to-date on your Government Gateway account
Complete the online check on HMRC’s website.
Find out more about SEISS coverage
HMRC are also hosting a webinar, giving a fuller overview of SEISS. This will be hosted a number of times over a number of days, and you can choose your preferred time to attend on their website.
The webinar will cover:
- the aim of the scheme
- who can apply
- how much a person may be entitled to
- how to apply for the scheme
- what happens after following an application
- other support available.
Register to attend here.