The claimant’s trading profits must also be “at least equal” to their “non-trading income”, which is any money that is made away from their business.

Stage three involves deciding if a claim should be made and as part of this, the claimant must declare they “intend to keep trading in 2021 to 2022”.

Claimants are also required to declare they “reasonably believe there will be a significant reduction” in trading profits due to coronavirus between May 1, 2021, and September 30, 2021.

Further details about eligibility for SEISS grant five can be found via the Government website HERE.