Hi
Friend, ie not a client so I can't check what was filed, says his SEISS grant did not include that income paid to him as a sub-contractor under the CIS scheme
Anyone else come across that??
BB
Replies (5)
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How could that possibly be true? Income under CIS is not separately identified on the SATR, so how could HMRC leave it out, even if they wanted to? I suspect the taxpayer left the CIS income off the SATR to begin with due to stupidly thinking it was 'already taxed', and therefore it has not featured in the SEISS calculation.
Or maybe he included it on an "employment" page rather than as part of his self employed income?
@ BB (OP).
There are only two realistic possible explanations for your friend’s comment:-
(1) The friend’s having misunderstood how the SEISS Grant has been calculated by HMRC, and/or
(2) One or more of the Tax Returns, upon which the SEISS Grant has been calculated, being incorrect.
Basil.