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Is HMRC going to stop SA302's and Overviews being

Just heard a rumor that HMRC are delaying printing of SA302's and overviews

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HMRC want to check the validity of grants received before allowing SA302's and overviews to be printed if 4th grant has been claimed.

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Stepurhan
By stepurhan
20th May 2021 09:17

Where did you hear that?

Not heard anything myself, but would be useful to know if that is the case.

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Replying to stepurhan:
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By johnjenkins
20th May 2021 09:27

Someone in the Halifax and a colleague. I don't see the logic myself. I have got a client who has had the fourth grant and I was able to print 20/21 overview. I was hoping that someone with a bit more clout would know what is happening. I do know that lenders are worried because 20/21 could show an increase in profit as the grants are included in the "profit" figure in the SA302.

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By Duggimon
20th May 2021 09:30

The fourth grant is entirely irrelevant to the tax for 2020/21.

I would suggest that "someone in the Halifax and a colleague" are not necessarily the best place to get information on HMRC policy.

HMRC are delaying processing a lot of tax returns just now, as has been repeatedly reported on here, as they are checking SEISS claims. As to the specifics of these checks though, their reasons for selection, and any connection to the fourth grant, all we have is speculation.

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Replying to Duggimon:
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By Paul Crowley
20th May 2021 09:47

agree
All mine processed so far but not many of them.
It is guesswork figuring out why some are delayed and others not.

HMRC not open on this matter

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Replying to Duggimon:
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By johnjenkins
20th May 2021 09:53

My sources have always been accurate. The original source was HMRC. It may just be that if you apply to HMRC for Sa302's and overviews there is a delay. I certainly have had no problems.

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By 0098087
20th May 2021 09:45

In my experience if you are qualified the printout from your software is good enough to replace the SA302. In fact, since before the pandemic lenders were quite happy with that.

I believe they have said overviews are delayed due to pressure of work and social distancing requirements

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Replying to 0098087:
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By Paul Crowley
20th May 2021 09:48

I do not trust any explanation given by HMRC

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Replying to 0098087:
By SteveHa
20th May 2021 09:59

0098087 wrote:

In my experience if you are qualified the printout from your software is good enough to replace the SA302. In fact, since before the pandemic lenders were quite happy with that.

Not just a case of being "quite happy with", but entirely in accordance with the agreement between HMRC and the Council of Mortgage Lenders, to the extent that HMRC will take details of lenders not adopting this and have a word with them.

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Replying to SteveHa:
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By johnjenkins
20th May 2021 10:04

That's my understanding of the situation.

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Replying to SteveHa:
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By Paul Crowley
20th May 2021 10:45

But only lenders
The lenders agents are usually the people that cause the friction. Do not understand that SA 302 not issued to agents or their clients and never heard of a tax calculation.

Lenders agents are not members of UK Finance ( Formerly Council of Mortgage Lenders)

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Replying to Paul Crowley:
A Putey FACA
By Arthur Putey
21st May 2021 09:47

"Lenders agents" - you mean that sub species of IFA known as mortgage advisers?

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By Paul D Utherone
20th May 2021 11:08

Once again, from the HMRC Agent Forum - and in response to queries that have been turning up there since 6 April:

"HMRC Admin 13 14/05/21

Self-Employment Income Support Scheme (SEISS) grants are subject to Income Tax and National Insurance. Customers who have received these grants must include them in the relevant Self Assessment return in the correct section. Errors when completing the return will result in a delay to HMRC processing the return due to having to make manual corrections.

Where applicable, we are working to expedite the process for our vulnerable customers. Where we take corrective action, we will tell customers the result by issuing a tax calculation explaining what we have corrected and why.

We are working to implement an automatic solution for those customers that have included an incorrect return for the SEISS grant. HMRC anticipate that all processing will be complete by early July and in the meantime, we are working hard to manually process as many returns as we can, particularly for customers in a vulnerable situation.

Guidance on how to correctly fill in self-employment (full) and self-employment (short) pages of tax returns is available on GOV.UK.

As a full response has been provided this thread will be locked in 5 days"

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Replying to Paul D Utherone:
By SteveHa
20th May 2021 12:53

They still don't indicate what their position will be if you make a S9ZB(4) objection to their amendment, which would force a S9A.

Will they then, for example, process the Return as submitted in order to open the S9A?

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Replying to SteveHa:
By Paul D Utherone
20th May 2021 13:05

Who knows. They seem to operate on BoJo's PMQ's response format and answer the question they wish / think you asked, but the issue is apparently being followed up by IOG

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By SXGuy
20th May 2021 11:53

Can't see how they can stop sa302s when all I do is click a button.

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Replying to SXGuy:
By Paul D Utherone
20th May 2021 13:00

It's the TYO you also need for lenders that are the problem. The return is captured from Third Party Software submission, but not processed through to the TYO as confirmation of the details provided

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By johnjenkins
20th May 2021 14:03

Just heard (from HMRC backdoor) that they are re-writing the software so that the returns can be checked to see if grants have been correctly submitted. My colleague cannot print overview from HMRC for 20/21 for a particular client. Maybe it's something that is coming shortly?

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By johnjenkins
20th May 2021 17:09

Further feedback. Lenders are not going to give mortgages to self-employed who have received grants. (This might change when the underwriters realise the full position.

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By johnjenkins
20th May 2021 17:12

Duplicate

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A Putey FACA
By Arthur Putey
21st May 2021 09:49

Times are hard, we've had to rely on grants ...... lets get a mortgage! (that's after we get back from Portugal)

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