{"id":1023,"date":"2021-05-13T00:00:00","date_gmt":"2021-05-13T00:00:00","guid":{"rendered":"http:\/\/taxbak.co.uk\/index.php\/2021\/05\/13\/did-you-overclaim-the-seiss-grant\/"},"modified":"2021-05-13T00:00:00","modified_gmt":"2021-05-13T00:00:00","slug":"did-you-overclaim-the-seiss-grant","status":"publish","type":"post","link":"http:\/\/taxbak.co.uk\/index.php\/2021\/05\/13\/did-you-overclaim-the-seiss-grant\/","title":{"rendered":"Did you overclaim the SEISS grant?"},"content":{"rendered":"<p>A reminder that HMRC have set out detailed guidance for the self-employed who may have over-claimed any of their Self-Employed Income Support Scheme (SEISS) grants.<\/p>\n<p>The guidance is reproduced below:<\/p>\n<p><em>You must tell HMRC if, when you made the claim, you were not eligible for the grant. For example:<\/em><\/p>\n<ul>\n<li><em>for the first or second grant, your business was not adversely affected.<\/em><\/li>\n<li><em>for the third or fourth grant, your business had not been impacted by reduced activity, capacity or demand or inability to trade in the relevant periods.<\/em><\/li>\n<li><em>you did not intend to continue to trade.<\/em><\/li>\n<li><em>you have incorporated your business since 5 April 2018.<\/em><\/li>\n<\/ul>\n<p><em>You must also tell HMRC if you:<\/em><\/p>\n<ul>\n<li><em>received more than we said you were entitled to.<\/em><\/li>\n<li><em>amended any of your tax returns on or after 3 March 2021 in a way which means you are entitled to a lower grant than you received.<\/em><\/li>\n<\/ul>\n<h3><strong><em>When you must tell HMRC<\/em><\/strong><\/h3>\n<p>&nbsp;<\/p>\n<p><em>If you are not eligible and have to pay the grant back, you must tell us within 90 days of receiving the grant.<\/em><\/p>\n<p><em>The process for when and how to tell us is different if amending your return affects your grant amount or eligibility.<\/em><\/p>\n<h3><em>If amending your return affects your grant amount or eligibility<\/em><\/h3>\n<p><em>You must tell HMRC if there is an amendment to any of your tax returns on or after 3 March 2021 which either: lowers the amount you are eligible for and causes you to no longer be eligible.<\/em><\/p>\n<p><em>If you amend your return before claiming your grant, you must tell HMRC within 90 days of receiving your grant.<\/em><\/p>\n<p><em>If you amend your return after receiving your grant, you must tell HMRC within 90 days of making the amendment.<\/em><\/p>\n<p><em>If you do not tell HMRC you may also need to pay a penalty. HMRC will provide more information about when you may need to pay a penalty by mid May 2021.<\/em><\/p>\n<p><em>You do not need to tell HMRC if the grant amount you are eligible for is lowered by &pound;100 or less.<\/em><\/p>\n<p>&nbsp;<\/p>\n<p>If you are unsure if you are affected by these rules, please call.<\/p>\n<!-- -->","protected":false},"excerpt":{"rendered":"<p>A reminder that HMRC have set out detailed guidance for the self-employed who may have over-claimed any of their Self-Employed Income Support Scheme (SEISS) grants. The guidance is reproduced below: You must tell HMRC if, when you made the claim, you were not eligible for the grant. For example: for the first or second grant, [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1023","post","type-post","status-publish","format-standard","hentry","category-uncategorized","blog-left-layout","blog-style-postblock","","blog-alt-odd"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/1023","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=1023"}],"version-history":[{"count":0,"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/1023\/revisions"}],"wp:attachment":[{"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=1023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=1023"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=1023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}