Crazy SEISS figures from HMRC

Not looking good for MTD

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I've just accessed the DTA details from HMRC for my client and his wife who both made SEISS claims throughout the pandemic.  No issue with the claims themselves, as the business was decimated, but I do have a problem with the HMRC system advising that they both received more that £1.4m each! 

Replies (8)

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By GHarr497688
24th Aug 2021 09:37

if this is true contact The Sun lol

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By AndyC555
24th Aug 2021 09:38

This has been commented on earlier. HMRC seem to have moved the decimal point two to the right. If it says £1,400,000, you client most likely got £14,000. It's affecting multiple tax return software providers so is happening at HMRC's end.

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Replying to AndyC555:
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By HarryB
24th Aug 2021 10:05

I must have missed that - I had a quick search before posting.

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By Paul D Utherone
24th Aug 2021 09:51

As noted, the HMRC API is giving SEISS figures in pence, not £'s

HMRC's response 5 days ago on the Agent Forum was:

"We are aware of a problem with the way that SEISS grants received in the 2020/21 tax year are being presented on the individual income API. Figures are being presented in pence rather than pounds.

We are working to resolve this issue as soon as possible, and will provide you with a further update as soon as we have more information.

If the pre-populated SEISS grant amount is wrong, this can be deleted and the correct amount entered manually."

...and the response to the final para of their reply is "NO 5H1T SHERLOCK"

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Replying to Paul D Utherone:
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By HarryB
24th Aug 2021 10:08

Thanks Paul.

Sounds like 'Carelessness' on the part of HMRC - given the sums involved I'd say that was a 15% penalty - although that would be 1500 in HMRC numbers!

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Replying to HarryB:
Sparkly Orange
By Sparkly
26th Aug 2021 23:37

Brilliant - if only we could make that happen!

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By SXGuy
24th Aug 2021 11:03

Perhaps HMRC are the same ppl who paid that guy billions of pounds worth of bitcoin only to be unable to withdraw it lol

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By bluebaron
24th Aug 2021 11:29

If HMRC can kindly shift the decimal point the other way for turnover, then most of my clients could then be exempt from MTD!

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