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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Where did you hear that?
Not heard anything myself, but would be useful to know if that is the case.
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.
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
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
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.
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)
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"
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?
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
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
Times are hard, we've had to rely on grants ...... lets get a mortgage! (that's after we get back from Portugal)