Have you received this email?
- HM Revenue & Customs sent out this email to self-employed individuals on 26 February 2021.
- HM Revenue & Customs did not send a copy of your email to us.
If so, action is needed by Mon 22 March
- If you received the email then you will need to respond to HM Revenue & Customs by 22 March 2021.
- Contact HMRC by email to firstname.lastname@example.org, using your business email address, if you have one.
- Include in your email;
- Reference number(s) for SEISS grants
- SEISS grant claim date periods
- Evidence trade has continued
What evidence is required?
HM Revenue & Customs require evidence that trade has continued, but do not need to see full details of sales in the periods of SEISS grants claimed to date. HM Revenue & Customs have suggested the following examples of evidence may be suitable;
- Business adverts
- Business receipts or invoices
- Copies of contracts to provide goods or services
- Payments made through business bank account
Why did I receive the email?
HM Revenue & Customs do not normally send emails of this nature.
There may be an indication on a previous tax return for 2018/19 or 2019/20 to suggest your business ceased to trade, and SEISS grants have been claimed.
HM Revenue & Customs would like proof you are still trading before you claim any further SEISS grants.
One of the conditions of claiming any SEISS grant is that at the time the grant is claimed there is a clear intention to continue to trade, and we recommend retaining all evidence of such intention.
Why would the return suggest trade has ceased?
There are a number of reasons why a previous return could indicate a trade has ceased;
- One business has ceased and a new one started,
- A partner has left a business, or
- The business was transferred to a company.
Whilst the last reason would not qualify for the SEISS claims, as companies are not eligible, the first two reasons are likely to be ok.
What happens if I do not respond to HMRC?
HM Revenue & Customs have indicated
- You will not be able to make any further SEISS grant claims, and
- HMRC may request previous SEISS grant claims be repaid, and
- HMRC may open an enquiry into the self-assessment tax return
If you are affected by any of the content in this blog or have any questions, please feel free to get in touch, we’re here to help!
0114 400 0119