In April 2022 HMRC started to write to taxpayers who it has identified may need to repay all or some of the Self-Employed Income Support Scheme (SEISS) grants 4 & 5, following an amendment to their previous tax returns.
The 4th and 5th SEISS Grants were originally calculated by HMRC based on 2016/17 to 2019/20 tax return data held on their systems at 2 March 2021.
Any amendments made to the tax payers’ tax returns, made after 2 March 2021 for any of the relevant years, which would reduce the amount of the grant claimable by £100 or more (or would make the tax payer ineligible for the grant entirely) must notify HMRC as soon as possible, and the relevant amount of the grant must be repaid.
If you receive a letter from HMRC or have any queries regarding your SEISS claims and any potential repayment of SEISS grants 4 & 5, please do not hesitate to contact us.
