IRRV Alert - week ending 16th October 2020
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Tell HMRC if you’ve stopped trading and review your eligibility for the Self-Employment Income Support Scheme (13 October 2020)
Form
Tell HMRC if you’ve stopped trading and review your eligibility for the Self-Employment Income Support Scheme
Use this form if you received an email from HMRC, asking you to confirm if you’ve stopped trading so we can check if you were eligible for the grant.
Published 13 October 2020
From:
Documents
Confirm whether you stopped trading before you claimed a Self-Employment Income Support Scheme grant
https://www.tax.service.gov.uk/submissions/new-form/confirm-if-stopped-trading-before-seiss-grant-claimed
Details
If you claimed a grant on the Self-Employed Income Support Scheme you’ll need to confirm with HMRC whether or not you’ve stopped trading. If you have stopped trading and permanently closed your business, we will need to check if you were eligible for your grant. If you were not, we will contact you to arrange for you to pay it back.
If you have not stopped trading and not closed your business, you still need to tell us. We may contact you to ask for evidence to prove you’re still trading.
When you must tell us
This depends on the date you received your grant, so if you received the grant:
- before 22 July 2020 you must tell us on or before 20 November 2020
- on or after 22 July 2020 you must tell us within 90 days of receiving the grant
If you do not tell us by these dates, you may have to pay a penalty.
We will contact you within 60 days to tell you how to either:
- pay any amount due
- provide information we need
Published 13 October 2020