Wednesday 12 August 2020

HMRC Did Well With SEISS

 

The Mirror reports that HMRC has miscalculated thousands of SEISS grants given to the self-employed to help them through the coronavirus crisis.

It seems that HMRC has overpaid approximately 16,200 grants ( 0.6% of the total).

HMRC has written to all those affected by the error which arose from “failing to take into account all relevant information when determining eligibility”.

They will not be asked to repay the funds, but should expect a lower sum should they make an application for a second grant.

Given the magnitude of the task, and speed with which it was enacted, I think an error rate of 0.6% is bloody good.

Kudos to HMRC on this one!


Tax does have to be taxing.

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