HMRC starts assessing overpaid SEISS grants

From April 2022 HMRC will be writing to taxpayers whose entitlement to the fourth and/or fifth self-employment income support scheme (SEISS) grant has reduced by more than £100 asking them to repay the overpaid amount. The letter will explain how the sum has been calculated and explain the steps taxpayers need to take.

Amendments made after 3 March 2021 to tax returns for any of the years 2016-17 to 2019-20 which result in the taxpayer no longer being entitled to the amount they originally claimed for their fourth and/or fifth SEISS grant must be notified to HMRC and repaid.

If this has happened HMRC will also look at the turnover figures if the taxpayer claimed the fifth SEISS grant. If they are now eligible for the lower (30%) grant but claimed the higher one HMRC will also ask them...