HMRC has issued 11,000 people with letters questioning their claims for self-employment support grants. Last year, the UK’s tax authority sent 24,000 similar letters to claimants who said they had stopped trading.
Letters have been sent to those who said they had stopped trading either on their 2019/20 self-assessment tax return or by amending their tax return from a previous year. Those who stopped trading would only be eligible to claim if they had restarted trading again.
HMRC may be asking people for extra documentation to prove they have claimed correctly. For anyone who has made a claim, but was not eligible, they will have to repay the amount claimed, back to HMRC. Anyone who has knowingly made a false claim could face a financial penalty.
For those who have received a letter from HMRC, will need to respond within 21 days. If they do not respond within the 21 days, they will not be allowed to apply for future SEISS grants until they have contacted HMRC regarding the issue.
At STS (Europe) we can assist those who have, or anticipate to have problems with HMRC. Our team consists of former Senior HMRC Inspectors, who have a wealth of knowledge and experience when dealing with HMRC investigations. If you have been contacted by HMRC regarding your tax affairs and require assistance, get in touch with us today via our contact page or visit our Tax Investigations page for further information.