Don’t know about anyone else but I’m getting sick of waiting for the dates for the last grant. All it keeps saying on Gov is we will receive an email this month telling us when to apply. It’s all so vague this time. All cloak and dagger. I Hope after Easter they really get moving on this.

I thought they'd extended furlough until the end of September?

Surely this can't be the last one?

Yes there is one in September but it’s worked out differently to the other three. The calculations for the last one are

The amount of the fifth grant will be determined by how much your turnover has been reduced in the year April 2020 to April 2021.

The fifth grant will be worth:

80% of 3 months’ average trading profits, capped at £7,500, for those with a turnover reduction of 30% or more
30% of 3 months’ average trading profits, capped at £2,850, for those with a turnover reduction of less than 30%

Ladies I have a hack for finding out your grant date. I know we are supposed to wait for an email to find out the date we ca apply. But if you follow this link with your unique tax code and national insurance number you can get the date online.

https://www.tax.service.gov.uk/self-employment-support/only-claim-for-self

I found this out on the Martin Lewis Twitter today and it’s relaxed me so much knowing another lump
Is on its way.

I just checked that link and it says I can apply from the 29th April.
Seems like a life time ago that I received the last grant.

Aha! I'm luckier than you as I just checked and can claim from the 28th April! 

(starts throwing confetti and orders her favourite sushi)

(Gosh I need to wait till the end of the month. I too feel it's been a life time since I got the last grant 

So as I understand (please correct me if I'm wrong) is that this fifth grant will different than the others because it's based on the last "fiscal year" that is 2019/21 is that correct? Unlike the other grants that were based on the 2018/19 fiscal year? So basically if I made more money on 19/21 the grant will be higher?

Sorry if I'm being thick.

19/20

And yes.

Maybe I'm being dumb now... But I thought to get the grant you had to have seen a reduction in business/income due to covid.
So if your 19/20 profit was more than in 18/19, then how could you prove that you've lost out on business and thus get a higher grant?

Business wise I personally did better on 2019/20 than on 2018/19. Lockdown started end of March 2020, right before the end of the fiscal year 2019/20 (5th April), so self employed people were only "financially affected by two weeks, which is almost nothing. Covid has affected my business since end of March 2020 when the lockdowns started till now. It's the fiscal year 2020/21 (next taxes) which will show HMRC how covid affected your business, and yes... if you made plenty of money on 2020/21 and applied for Covid grants that's going to look veeeery strange to HMRC. There's been a lot of covid furlough fraud going on and HMRC are going to be looking at everyones 2020/21 taxes who applied for grants with a loupe (and rightly so).

Ah yes, I get you! That makes sense. So if I declared a much higher profit for 20/21 than 19/20 (which is definitely no the case lol) then that's when they'd start asking questions.

Exactly. I have also heard that Covid grants will need to be declared on your next taxes as "earnings". Not sure if this is true but that's the rumour.