This is when the fourth self-employment grant will be paid and who can claim

The fourth Self-Employment Income Support Scheme grant has been outlined by the UK Treasury, prior to today’s (3 March) budget.

The grant has already supported millions of self-employed people across the UK, with billions being handed out to those affected by lockdown restrictions.

The UK chancellor, Rishi Sunak is expected to give more details about the support grant, though it has been confirmed that it will continue into the spring and summer.

So, how will the government support self employed people with a fourth grant and who can apply? This is what we know so far.

Will there be a fourth SEISS grant?

The Treasury has confirmed that there will be a fourth payment, supporting self-employed workers affected by coronavirus restrictions from February 2021 until April 2021.

The UK government has told how a fifth SEISS grant will also be offered, to support self-employed people as lockdown lifts.

Who is eligible to claim support from the SEISS grant?

To make a claim for the fourth grant your business must have incurred economic downturn from the impact of coronavirus, which will have caused a significant reduction to your profits.

Traders who are continuing to trade but who face restrictions which impact their profit making, or who are unable to trade are eligible to apply.

Sunak will announce than extra 600,000 newly self-employed people may be eligible to claim government support.

This is due to the government now allowing workers to submit their 2019-2020 and 2020-2021 self-assessment tax returns as evidence of their earnings.