Recently self-employed?

If you became self-employed after 5 April 2019 and you have submitted your 2019-20 tax return before 2 March 2021, you may be eligible for the next two Self-Employed Income Support Scheme (SEISS) grants for the quarter end 30 April 2021 and the final claims period to 30 September 2021.

HMRC has announced that they are adding a new layer of security to these SEISS claims and will be calling taxpayers to verify their identity. The announcement on the GOV.UK website says:

From March to April 2021 HMRC will write to customers who became self-employed in 2019-20 and submitted a self-assessment return for that period.

As a result of the Chancellor’s announcement that the fourth Self Employment Income Support Scheme (SEISS) grant will take into account the 2019-20 tax returns, these customers may be eligible for support under SEISS.

The letter will tell customers to expect a telephone call on the number they provided on their tax return.

If the customer provided an agent’s number on their return, we will ask the agent to pass on the customer’s number as we need to speak to the customer directly.

When we call, we’ll ask for proof of identity and evidence of trade in the form of bank statements.

We are aware of increased scam activity related to HMRC’s coronavirus support schemes. The purpose of this letter is to explain to customers that this is a genuine call, and to give customers details on how to recognise it as such.

Share:

Accounting in Sheffield and Doncaster Certificates

Recently Added News

Saving for a rainy day

The more draconian government interventions introduced to control the COVID outbreak have challenged all of us, businesses and individuals, to consider the notion that we

Read More »

Elastic or inelastic?

Would demand for the products or services you sell vary with price increases or decreases? This conundrum is considered by the term elasticity in economic

Read More »

Related News

Employment Allowance increase

The Employment Allowance has risen from £4,000 to £5,000 – meaning smaller firms will be able to claim up to £5,000 off their employer National

Dividends hit by NIC increase

Dividends are a distribution of company profits to shareholders. Historically, they have been taxed as unearned income – no National Insurance deductions. This is still

Tax planning 2022-23

Planning to save tax may seem like a luxury buy in these days of rising prices and recovering from COVID fallout. And yet tax planning

Quick Links

Web + SEO - LoudCrowd