Chancellor Rishi Sunak has written
to the CIOT, announcing that claims for the SEISS will start to open from 13
May, and that payments will be received into claimants’ bank accounts from 25
May, ahead of the original June schedule.
HMRC has started contacting taxpayers identified as eligible
for the scheme and has made an eligibility checker available online. Taxpayers
who use the checker and are confirmed to be eligible will be given a date from
which they can make a claim.
HMRC has also released guidance
on the revised process, noting that ‘the claims process will be very
simple, and those eligible will have the money paid into their bank account by
25 May, or within six working days of completing a claim’.
HMRC’s new guidance How
different circumstances affect the Self-Employment Income Support Scheme,
published on 1 May, addresses taxpayers who filed their self-assessment tax
returns late for 2018/19 (but by the 23 April 2020 deadline for claims under
SEISS) and those in other circumstances which may affect their eligibility to
claim, including members of partnerships and individuals with outstanding loans
affected by the loan charge provisions.
Chancellor Rishi Sunak has written
to the CIOT, announcing that claims for the SEISS will start to open from 13
May, and that payments will be received into claimants’ bank accounts from 25
May, ahead of the original June schedule.
HMRC has started contacting taxpayers identified as eligible
for the scheme and has made an eligibility checker available online. Taxpayers
who use the checker and are confirmed to be eligible will be given a date from
which they can make a claim.
HMRC has also released guidance
on the revised process, noting that ‘the claims process will be very
simple, and those eligible will have the money paid into their bank account by
25 May, or within six working days of completing a claim’.
HMRC’s new guidance How
different circumstances affect the Self-Employment Income Support Scheme,
published on 1 May, addresses taxpayers who filed their self-assessment tax
returns late for 2018/19 (but by the 23 April 2020 deadline for claims under
SEISS) and those in other circumstances which may affect their eligibility to
claim, including members of partnerships and individuals with outstanding loans
affected by the loan charge provisions.
