HMRC has contacted some businesses which received a grant under the SEISS, asking them to confirm whether or not they are still trading. Where a business has stopped trading, HMRC will need to check whether it was eligible for the grant and whether the grant needs to be repaid. Businesses which continue to trade will also need to respond to HMRC’s request and may need to provide evidence that they are still trading. In order to avoid penalties, those who received the grant before 22 July 2020 must inform HMRC on or before 20 November 2020, and those who received the grant on or after 22 July 2020 must inform HMRC within 90 days of receiving the grant.
HMRC has contacted some businesses which received a grant under the SEISS, asking them to confirm whether or not they are still trading. Where a business has stopped trading, HMRC will need to check whether it was eligible for the grant and whether the grant needs to be repaid. Businesses which continue to trade will also need to respond to HMRC’s request and may need to provide evidence that they are still trading. In order to avoid penalties, those who received the grant before 22 July 2020 must inform HMRC on or before 20 November 2020, and those who received the grant on or after 22 July 2020 must inform HMRC within 90 days of receiving the grant.
