Following publication of the Treasury Direction for the fourth Self-Employment Income Support Scheme (SEISS) grant, taxpayers and agents should be aware of the obligation to notify HMRC of amendments to tax returns.


Tax return amendments: HMRC notification

The Direction specifically uses the term 'immediately': it is not known how strictly this will be applied in practice. 

De minimis

The notification rules do not apply if either:

Notification deadline and penalties

HMRC need to be informed:

Penalties may be charged if HMRC are not informed of the change in grant entitlement unless the grant is reduced by £100 or less. 

Further guidance

HMRC are expected to update their guidance by mid-May 2021 to explain:

Useful guides on this topic

COVID-19: Self-Employment Income Support Scheme (SEISS)
Support for the self-employed during the Coronavirus crisis. 

SEISS: Fourth grant details
HMRC have updated their Self-Employment Income Support Scheme (SEISS) guidance to reflect the fourth grant which will become available later this month. 

COVID-19: Government support tracker
This tracker covers measures announced by the government to support individuals and businesses, as we get through COVID-19.

External links

The Coronavirus Act 2020 Functions of HMRC (Self-Employment Income Support Scheme Extension 4) Direction

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