Asking for a friend (or rather a client) of course! I have a client who GUESSED his turnover for his SEISS Grant 5 and guessed quite badly. I am meeting the client on Monday to sign off his accounts & self-assessment and said I would try to help him correct the SEISS claim.
A quick Google search makes me wonder if it is even possible to amend once claimed. Unfortunately I haven't needed to access the SEISS portal as accountants haven't been allowed access.
Can anyone offer advice on how the client should get this amended?
Replies (7)
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Has he overclaimed or underclaimed ?
It's the worst of both worlds.
If he's overclaimed, he needs to send the money back.
If he's underclaimed, tough.
If you are both there then probably the best solution is as you say
HMRC less liable to be awkward with an agent present on speakerphone
@ johnny . . . . (OP).
This is a link to the process:-
https://www.gov.uk/guidance/tell-hmrc-and-pay-the-self-employment-income...
You should be able to guide your client through the process. If the overpayment is successfully accomplished - “job done”.
If, for whatever reason, no success, then Plan B is simply:-
Obtain a cheque from the client and sent it to HMRC with a detailed explanatory letter – the encashment of the cheque suffices to show that your client has complied with (all importantly) the LAW. So – “job done”, and no further action required.
Basil.