COVID-19 Update – 7 October – Key deadlines approaching (CJRS and SEISS)

We would like to remind you that the deadlines are approaching for the Coronavirus Job Retention Scheme (CJRS) and the Self-employment Income Support Scheme (SEISS).

 SEISS

The second SEISS grant must be claimed for by the 19 October 2020.

 CJRS

The scheme finishes on the 31 October and all claims must be made by 30 November. Four-weekly payrolls in particular may need to plan very carefully to ensure they meet this deadline.

 Overclaimed Grants

Any business that has overclaimed a CJRS or SEISS grant must notify HMRC within 90 days of Royal Assent being given to Finance Act 2020 or 90 days of receipt of the grant, whichever is the later. 90 days from Royal Assent is 20 October 2020.

For CJRS grants where the recipient ceases to be entitled to retain the payment, the notification deadline is the later of 90 days after ceasing to be entitled to the grant or the two dates mentioned above.