Information as of 20 November
In October, HMRC emailed approximately 24,000 self employed individuals who had made a claim via the Self Employed Income Support Scheme (SEISS) asking if they were still trading.
If you have received such a notification, HMRC require a response by 20 November, which is via an online form, or you will not be able to claim further grants. It is important to respond even if you have continued to trade and the grant was correctly claimed.
Who has been contacted? HMRC sent emails to people where it held information suggesting that the taxpayer had ceased trading. The recipients represent less than 1% of the over 2.5 million traders who had claimed either or both of the first or second SEISS grants by 30 September.
This data could be a cessation date for the business reported on the 2019/20 tax return, an application to deregister for VAT, or information from another source.
What you should do. If you have been contacted you should complete the online form to confirm whether or not you have stopped trading. The form must be completed either to confirm that you have ceased trading and need to repay the grant or to confirm that HMRC’s information is incorrect and the taxpayer did not cease trading or has restarted.
As we were not able to apply for SEISS grants on behalf of our clients, we will not have seen the emails that may HMRC have sent to you. It is worthwhile checking your junk and spam boxes for emails from HMRC.