The SEISS operated similarly to the Furlough Scheme, except it applied to those who were self-employed rather than employed. The scheme allowed self-employed individuals to receive one or more of five grants, however, the eligibility requirements for each grant varied.
HMRC have been investigating those who obtained a SEISS grant to ensure they were eligible for it at the time. As each grant’s eligibility requirements were different, many claimants unknowingly claimed a grant for which they were not eligible, despite having been eligible for other grants. Additionally, some claimants did not realise that the grants were taxable and have since faced investigations for failing to declare the funds on Tax Returns.
If you receive a Tax Assessment from HMRC, we can advise you in relation to the appropriate representations to make to HMRC in an effort to bring the investigation to a conclusion.