This guidance will help you comply with obligations under Professional Conduct in Relation to Taxation
This guidance has been drawn up to help members comply with their professional obligations under Professional Conduct in Relation to Taxation (PCRT) where they advise clients who have, or may have, made claims under the Self-Employment Income Support Scheme (SEISS).
It is intended to provide assistance in relation to the reporting of SEISS grants – in particular, where you may be in disagreement with your client’s intentions. The guidance focuses on the first three SEISS grants, the receipt of which are reportable on the 2020/21 self-assessment tax return.
While this guidance specifically addresses SEISS grant claims, the fundamental principles and requirements set out in PCRT would also apply to other Covid support administered by HMRC or other authorities, such as the Coronavirus Job Retention Scheme (CJRS), on which separate guidance has also been prepared.