Self Employed Income Support Scheme (SEISS)
Q: My client who is a sole trader like many others decided to claim the SEISS (Self Employed Income Support Grant) grants during the forced lockdowns and has received correspondence from HMRC asking whether they felt that he met the criteria for claiming the grants. Are HMRC likely to charge penalties if he is found to have overclaimed?
A: SEISS was designed to help the longevity of businesses during the pandemic to aid them to ultimately reopen once restrictions were lifted.
HMRC announced on 28th July 2020 that they were looking to punish people who deliberately claimed the SEISS without meeting the criteria given.