Does receiving an SEISS grant force you to close a Working Tax Credit claim?

calcotti

unholyangel said:

calcotti said:

unholyangel said:

It would appear if you are self employed and still trading and making money, they will treat you as working your normal hours. But if you stop trading entirely, that would affect your claim as you would then fail to meet the qualifying work (for remuneration) requirement.

Employees don't have that issue as the funding for them is paid to the employer, who then pays it to the employee under the contract of employment - so it counts as remuneration for the purpose of the regulations. While self employed are receiving the funds personally and the funds are not in the course of their trade/employment - so if they're not in receipt of trading income as well, theyre not receiving any qualifying remuneration. 

But someone who is claiming SEISS has not stopped trading.

I think perhaps you're thinking trading as in stopping their self employment/profession rather than trading as an activity (aka "working"). 

That is, unless you're trying to say that a self employed person trades 24 hours a day, 7 days a week? 

Point taken.