SEISS Grant repay

I have a client whom upon preparation of her 2022 tax return, realised that she should not have claimed the 5th SEISS Grant. We have entered the grant in box " incorrectly claimed SEISS grant" - which adds the grant to her total liability However my question is surely we need to deduct the grant she is repaying from her taxable profit. Surely she won't be taxed on the grant she is voluntarily repaying? Any clarification would be most appreciated.

Hi,

If claimed incorrectly, then you are correct in putting it at TR5. It should not be included within the income received and therefore will not be included as taxable income for tax to be deducted. It is added at the end of the calculation for an overall underpayment and then the charge will show on the self assessment statement.

Thank you.