Important deadlines are approaching in relation to the government’s key COVID-19 support schemes.

Where a business believes they have overclaimed a grant or received a grant which they were not entitled to, HMRC must be notified of this in accordance with Paragraph 12, Schedule 16 of Finance Act 2020:

Failure to notify HMRC may result in a penalty.

Links

COVID-19: Self-Employment Income Support Scheme (SEISS)
COVID-19 Self-Employment Income Support Scheme (SEISS). HMRC's claims portal for the second grant opens in August 2020.

COVID-19: Self-Employment Income Support Scheme (SEISS) Grant Extension
COVID-19 Self-Employment Income Support Scheme (SEISS) Grant Extension announced by the Chancellor on 24 September 2020.

COVID-19: Coronavirus Job Retention Scheme
Coronavirus Job Retention Scheme: a cash grant that is designed to allow employers to retain staff who would otherwise be laid off.