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Self assessment and SEISS grant
FGriffiths22
Forumite 1 Post
Newbie
I have a question please…
I applied for all 5 of the SEISS grants as my self employed work was significantly affected. I applied for he 4th and 5th and was eligible and had reduced income due to the pandemic at that time. The second part of the year I ended up doing better than the previous year as I went from being an assistant to then having a higher role. I’m now submitting my tax return for 2021-2022 and there is a question about incorrectly claiming any SEISS Grants, as my year ended better should I be selecting yes to pay part of the grant back? Or should I select no and wait for them to see my income and decide whether I need to pay any back? Thank you
I applied for all 5 of the SEISS grants as my self employed work was significantly affected. I applied for he 4th and 5th and was eligible and had reduced income due to the pandemic at that time. The second part of the year I ended up doing better than the previous year as I went from being an assistant to then having a higher role. I’m now submitting my tax return for 2021-2022 and there is a question about incorrectly claiming any SEISS Grants, as my year ended better should I be selecting yes to pay part of the grant back? Or should I select no and wait for them to see my income and decide whether I need to pay any back? Thank you
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Replies
https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme
You had to reasonably believe there would be a significant reduction in your trading profits due to the impact of COVID-19 between 1 May 2021 and 30 September 2021 when you made your claim. It does not matter if things turned out better than you expected, so long as what you expected was reasonable at the time you claimed.