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SEIS claimants who cease trading may have to pay back grants - and penalties
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HMRC begins clawback of ineligible SEISS grants


People who received the self employed income support scheme (SEISS) grant are being asked to confirm if they stopped trading, so HMRC can check if they were eligible in the first place. 

27th Oct 2020
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The SEISS eligibility review is the first step in HMRC’s clamp down on people who should not have received the grant. HMRC has already sent 24,000 emails to SEISS claimants on its database to ask if they’ve ceased trading.

When the SEISS grant was announced, HMRC only had information from 2018/19 tax returns. This meant claimants were able to receive the grant without HMRC knowing for the most part if they continued to trade beyond 5 April 2019. 

Speed was the priority when the scheme was announced, which meant tax agents were locked out of the process due to time constraints. Taxpayers were left to make the claim themselves without assistance. In many cases ineligible claimants overlooked the requirement to trade in the 2018/19 and 2019/20 tax years and beyond. 

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Replies (1)

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By Paul Crowley
28th Oct 2020 15:54

The status link below seems a bit odd

Confirming status
The HMRC email directs these businesses to a form asking them to a confirm whether they’ve ceased trading, which they can complete this by signing into the government gateway.

Thanks (0)