From April 2022, HMRC is writing to taxpayers whose entitlement to the fourth and/or fifth self-employment income support scheme (SEISS) grant has gone down by more than £100, asking them to repay the overpaid amount. HMRC will explain how it has calculated the revised amount and the steps taxpayers need to take.
If an amendment to a taxpayer’s tax return has been made after 3 March 2021 for any of the years 2016/17 to 2019/20 meaning they are no longer entitled to the amount they originally claimed for the fourth and/or fifth SEISS grant, they need to repay the amount they were overpaid.
In these circumstances, HMRC will also look at turnover figures for taxpayers who claimed the fifth SEISS grant. If they are now eligible for the lower (30%) grant, but claimed the higher (80%) grant, HMRC will ask them to repay the difference.
From April 2022, HMRC is writing to taxpayers whose entitlement to the fourth and/or fifth self-employment income support scheme (SEISS) grant has gone down by more than £100, asking them to repay the overpaid amount. HMRC will explain how it has calculated the revised amount and the steps taxpayers need to take.
If an amendment to a taxpayer’s tax return has been made after 3 March 2021 for any of the years 2016/17 to 2019/20 meaning they are no longer entitled to the amount they originally claimed for the fourth and/or fifth SEISS grant, they need to repay the amount they were overpaid.
In these circumstances, HMRC will also look at turnover figures for taxpayers who claimed the fifth SEISS grant. If they are now eligible for the lower (30%) grant, but claimed the higher (80%) grant, HMRC will ask them to repay the difference.
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