HMRC has updated its self-employment income support scheme (SEISS) guidance setting out when and how to tell HMRC about a tax return amendment if it affects eligibility for, or the amount of, a grant under the scheme.
Where a tax return was amended after 3 March 2021, the taxpayer must notify HMRC of the amendment using the relevant online form (linked to via the government gateway login). HMRC will then send the taxpayer a letter confirming if the grant has been affected, how much needs to be paid back and how to pay.
Where a taxpayer was not eligible for the grant at the time of making the claim, received more than they were entitled to, or where they would like to make a voluntary repayment, they must tell HMRC if they need to repay some or all of the grant. HMRC will then provide bank details for the repayment.
HMRC has also updated the following SEISS factsheets:
Penalties for not telling HMRC about coronavirus (Covid-19) support scheme overpayments - CC/FS11a:updated with details of penalties for failure to notify HMRC within 90 days of an amendment to a tax return that affects entitlement to the grant.
Penalties for not telling HMRC about self-employment income support scheme grant overpayments - CC/FS47: updated to cover how to tell HMRC about an overpaid grant and how HMRC recovers overpaid grants.
HMRC has updated its self-employment income support scheme (SEISS) guidance setting out when and how to tell HMRC about a tax return amendment if it affects eligibility for, or the amount of, a grant under the scheme.
Where a tax return was amended after 3 March 2021, the taxpayer must notify HMRC of the amendment using the relevant online form (linked to via the government gateway login). HMRC will then send the taxpayer a letter confirming if the grant has been affected, how much needs to be paid back and how to pay.
Where a taxpayer was not eligible for the grant at the time of making the claim, received more than they were entitled to, or where they would like to make a voluntary repayment, they must tell HMRC if they need to repay some or all of the grant. HMRC will then provide bank details for the repayment.
HMRC has also updated the following SEISS factsheets:
Penalties for not telling HMRC about coronavirus (Covid-19) support scheme overpayments - CC/FS11a:updated with details of penalties for failure to notify HMRC within 90 days of an amendment to a tax return that affects entitlement to the grant.
Penalties for not telling HMRC about self-employment income support scheme grant overpayments - CC/FS47: updated to cover how to tell HMRC about an overpaid grant and how HMRC recovers overpaid grants.
