To be eligible for the fourth grant, taxpayers must be self-employed or a member of a partnership and must have traded in the last two tax years and have suffered a significant reduction in trading profits due to reduced business activity, capacity or demand or inability to trade due to coronavirus during the period from 1 February 2021 to 30 April 2021.
HMRC has also updated its guidance Tell HMRC and pay the Self-Employment Income Support Scheme grant back setting out that taxpayers must notify HMRC (broadly within 90 days of the change) if an amendment to their tax return affects their eligibility for the grant or reduces the amount of the grant.
To be eligible for the fourth grant, taxpayers must be self-employed or a member of a partnership and must have traded in the last two tax years and have suffered a significant reduction in trading profits due to reduced business activity, capacity or demand or inability to trade due to coronavirus during the period from 1 February 2021 to 30 April 2021.
HMRC has also updated its guidance Tell HMRC and pay the Self-Employment Income Support Scheme grant back setting out that taxpayers must notify HMRC (broadly within 90 days of the change) if an amendment to their tax return affects their eligibility for the grant or reduces the amount of the grant.
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