Penalties for not telling HMRC about Self-Employment Income Support Scheme grant overpayments - CC/F

Details of the Self Employed Income Support Scheme (SEISS) penalty system have been published by HMRC. Guidance regarding the recovery of over-claimed SEISS grants has been published by HMRC. An overclaimed SEISS grant includes any amount of grant which:

You were not entitled to receive Was more than the amount HMRC said you were entitled to when you made your claim.

If you received too much because you made an error in a claim, you must pay this back.

HMRC has set up a notification period for anyone who has over-claimed and has not yet repaid it.

The maximum penalty for over-claiming is 100% of the grant awarded. Please follow the link below for further information:

https://www.gov.uk/.../penalties-for-not-telling-hmrc...