Have you overclaimed the SEISS grant?

HMRC has advised what you should do if you realise that you have made an incorrect submission resulting in an overclaim of the SEISS grant.

 HMRC has also published guidance on their penalty process where they have not been notified and the grant not repaid within certain deadlines (see below for more information).

We really don't want you to receive a potential penalty charge, so we would encourage you to double check that you have only claimed what you are entitled to - and make sure you keep records as evidence in support of your submissions.

If you find you have overclaimed, here's some advice on what to do next.

Self Employment Income Support Scheme (SEISS):
what to do if you think
you have overclaimed

Although the availability of grant funding was largely dictated by HMRC on an individual basis, there are scenarios whereby the SEISS grant may have been overclaimed. For example:

  • if you were not eligible for the grant
  • if you received more than HMRC stated you were entitled to

These instances would lead to the SEISS grant being overclaimed and you will need to notify HMRC to pay it back.

Notifying HMRC

The deadline dates vary according to when you received the grant, so:

  • if you received the grant before 22 July, you must inform HMRC before 20 October 2020
  • if you received the grant on or after 22 July, you must inform HMRC within 90 days of receiving the grant

As with the CJRS grant, if you do not notify HMRC you may have to pay a penalty, which for the SEISS grant could be up to 100% of the grant amount.

To notify HMRC, you will need to hand:

  • your Government Gateway details and password
  • your grant claim reference number
  • your 10-digit self assessment unique taxpayer reference (UTR) number

For more information and to notify HMRC of an overclaim, click here to access GOV.UK. For more information on HMRC's penalty process for the SEISS grant, click here.

We are here to help...

We are here to help in any way we can - please get in touch with us on 0121 693 5000 (Solihull Office) or 01527 833124 (Bromsgrove Office).

Get In Touch

Please get in touch if you want to talk more about how we can help you.
We offer an initial consultation free of charge which gives us the chance to meet and discuss your needs, with no obligation.

Accountants in Solihull

Lumaneri House, Blythe Gate, Blythe Valley Park, Solihull, B90 8AH

0121 693 5000

Accountants in Bromsgrove

Five Mile House, 128 Hanbury Road, Stoke Prior, Bromsgrove, B60 4JZ

01527 833124

Accountants in Coleshill

112 High Street, Coleshill, Warwickshire, B46 3BL

01675 466344

Jerroms is a trading style of both Jerroms Business Solutions Limited 08923059 and Jerroms (Bromsgrove) Limited 08433008.
Registered office for each of these companies is: Lumaneri House, Blythe Gate, Blythe Valley Park, Solihull, B90 8AH