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HMRC shares details of Covid support grants and payments which must be included in tax return next month
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HM Revenue and Customs (HMRC) is reminding Self Assessment customers to declare any Covid-19 grant payments on their 2020/21 tax return.More than 2.7 million customers claimed at least one Self-Employment Income Support Scheme (SEISS) payment up to April 5, 2021.
These grants are taxable and customers should declare them on their 2020/21 tax return before the deadline at 11.59pm on January 31, 2022.The SEISS application and payment windows during the 2020/21 tax year were:The third and fourth SEISS grants fall under the 2021/22 tax year and do not need to be declared in this return.
However, HMRC is reminding tax customers that SEISS is not the only Covid-19 support scheme that they should declare on their tax return for 2020/21.If
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COVID-19
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