SEISS or the ‘self-employed income support scheme‘ was put in place by the government to help people affected by the Corona Crisis.
The scheme paid self-employed workers a fixed amount to give them financial support, similar to the furlough scheme. It paid a taxable grant of up to £7,500 based on income declared on submitted tax returns over the last 3 years.
However, HMRC has now admitted to making mistakes in their calculations overpaying approximately 16,000 claimants accidentally.
The error came from HMRC not processing the correct information from peoples tax returns when calculating their SEISS grant entitlement.
HMRC have promised not to ask for a refund of any money overpaid to avoid putting any additional financial pressure on individuals.
So even HMRC isn’t perfect!