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HMRC has published new guidance setting out the circumstances when it can issue a taxpayer with a joint and several liability notice (JLN) for a company or a limited liability partnership (LLP) that has received coronavirus support payments.
HMRC can issue these notices to directors shadow directors and other individuals connected to a company or to members or shadow members of an LLP if four conditions have been met:
- the company or LLP is subject to an insolvency procedure or there is a serious possibility of becoming subject to one;
- the company or LLP is liable to an income tax charge as a result of receiving a coronavirus support payment it was not entitled to receive;
- the individual was responsible for the management of the company or LLP at the time the tax first became chargeable and the individual knew (at that time)...
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