HMRC starts chasing up SEISS overpayments

    Luke Mudd
    9th May 2022
    Home » Blog Posts » HMRC starts chasing up SEISS overpayments

    HMRC has started to recover overpayments of Self-employment Income Support Scheme (SEISS) grants.

    From April, HMRC is writing to taxpayers whose entitlement to the fourth or the fifth SEISS grant has reduced by more than £100 to ask them to repay amounts that were overpaid.

    Entitlement to the fourth and fifth SEISS grants can be affected by an amendment to a tax return. HMRC’s letters include an assessment and a date by which you must make the repayment. If the payment is over 30 days late, a late payment penalty of 5% of the unpaid tax will be applied.

    Even if you do not receive a letter, you must tell HMRC within 90 days if an amendment to a tax return affects your entitlement.

    Anyone who needs to repay grants can make use of HMRC online tools to help them calculate what they owe. Individuals who receive a letter from HMRC are required to use the payment reference beginning with X when making their repayment.

    If you are not able to pay in full, you may be able to set up a Time to Pay arrangement with HMRC.

    Internet links: GOV.UK

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