Uncertainty remains around whether sole traders will be expected to repay any SEISS grants claimed, if their profits for the year would indicate that the SEISS grant income was not required.

We expect HMRC will be checking a number of sole trader’s tax returns to confirm that the SEISS grants have been correctly claimed.

We recommend sole traders check the eligibility criteria for each grant and ensure all relevant records have been maintained, in the event they are included in this review. You’ll find HMRC’s list of records that you should keep to justify each SEISS grant claim here.

If you have any concerns about whether you should have claimed an SEISS grant, please do contact us on 01249 712074 to discuss your situation.