Share this content
11

Include details of SEISS claim in SAR notes?

Is it worth including some kind of explanation?

Didn't find your answer?

I often find myself torn on whether to include any additional information on a self assessment tax return. I was always taught to avoid sharing too much information and I don't even think HMRC read the notes sometimes. But, do you think it's worth giving any details of the reasons for claiming the SEISS grants? Especially if profit has recovered and is now better than 19/20.

For example:

SEISS 1 claimed due to turnover being down by 12.86% in period and increased costs incurred.

SEISS 2 claimed due employee being unable to work during period and turnover being down by 9.17%.

Is this worth it? Could it stop a query before it begins? Or is it over sharing?

Replies (11)

Please login or register to join the discussion.

avatar
By Wanderer
30th Mar 2021 09:02

Better to wait until we see the format of the 2021 SA returns and see if there is a separate box and if this requires any explanation.
If there is no requirement for further explanation then I wouldn't include any 'white space' notes.
Whatever you do it is most unlikely that HMRC will even read, let alone consider, that extra disclsoure and will apply their own cirteria if there is any SEISS follow up.

Thanks (1)
Replying to Wanderer:
avatar
By DaveyJonesLocker
30th Mar 2021 09:07

There's a separate box but no explanation needed

Thanks (1)
Replying to Wanderer:
avatar
By SXGuy
30th Mar 2021 09:40

Taxcalc trleased their 2021 tr. Separate box in se page 2. No notes needed

Thanks (0)
Replying to SXGuy:
avatar
By jonharris999
30th Mar 2021 13:42

It is on Taxfiler now too.

Thanks (0)
avatar
By Paul Crowley
30th Mar 2021 09:18

No explanation needed.
If you provide explanations on some and not others, What is HMRC to think?
If you intend to investigate, Do you intend to report those who you think were not entitled and should not have claimed?

Thanks (2)
Replying to Paul Crowley:
avatar
By TheMonarch
30th Mar 2021 09:28

I don't intend to investigate any client claims, as such. They claimed the grants based on the information that both we and HMRC provided and I don't believe we need to police the claims for the grants.

It was more for the clients that provide very detailed evidence to us (usually the overly cautious clients), so that we have information to provide if we chose to. Just wondered if people felt it could be useful to include some white space notes or better not to bother.

Thanks (1)
avatar
By mbee1
30th Mar 2021 09:48

Being ex Revenue and in practice for many year I'm big believer in giving them what they ask for but no more. If they want more information let them ask for it rather than explaining why initially.
I shall put the SEISS grant in the relevent box and leave it at that.

Thanks (2)
avatar
By Cazzie B
30th Mar 2021 10:22

On page 5 of the 2021 Tax Return the are new boxes for "Incorrectly claimed coronavirus support scheme payments"
Also on page 5 of the CT600

Thanks (0)
avatar
By ecirpdivad60
09th Apr 2021 14:29

Just seen new software for personal tax on sage and grants need declaring under other income.
There is a covid 19 section to complete. Firstly you have to declare SEISS payments have been included in taxable income and then a further box to enter any payments incorrectly claimed.
Agents were not allowed to make the claims and therefore should not be expected to be an unpaid policeman
making decisions whether claims were incorrect or not. This looks like an opportunity and responsibility for the client to make that judgement possibly with our help. If they do admit an error you need to only enter the valid income claims and then enter the invalid amounts on the covid 19 section .

This is only a initial view of the position. I will try to obtain further clarification from FL Memo and HMRC in due course

Thanks (0)
Replying to ecirpdivad60:
avatar
By Paul Crowley
09th Apr 2021 14:39

Not sure about that
The return shows SEISS separately. NOT IN ACCOUNTS
Other Covid stuff in other income and a tick to indicate Covid stuff
(Not all other income will be Covid)

Thanks (0)
Replying to ecirpdivad60:
avatar
By Tax Dragon
09th Apr 2021 14:50

ecirpdivad60 wrote:

I will try to obtain further clarification from FL Memo and HMRC in due course

Thank you, please do post back.

The 'unpaid policepersons' point was thrashed out a bit more here https://www.accountingweb.co.uk/any-answers/anyone-else-concerned-about-..., Jon concluding that we are legally, morally and every other wayily required to get clients' self assessments correct as best we can. (A view with which, not only do I concur, but, more importantly, I suspect Institutes, insurers, HMRC - and indeed clients themselves - concur too.)

Thanks (0)
Share this content