HM Revenue and Customs (HMRC) is reminding Self Assessment customers to declare any COVID-19 grant payments on their 2020 to 2021 tax return.
These grants are taxable and customers should declare them on their 2020 to 2021 tax return before the deadline on 31 January 2022.
The SEISS application and payment windows during the 2020 to 2021 tax year were:
- SEISS 1: 13 May 2020 to 13 July 2020
- SEISS 2: 17 August 2020 to 19 October 2020
- SEISS 3: 29 November 2020 to 29 January 2021
SEISS is not the only COVID-19 support scheme that customers should declare on their tax return. If customers received other support payments during COVID-19, they may need to report this on their tax return if they are:
- self-employed
- in a partnership
- a business
Information on which support payments need to be reported to HMRC and any that do not is available on GOV.UK.
It is important that customers check and make any changes to their tax return to make sure any SEISS or other COVID-19 support payments have been reported correctly in their Self Assessment.
For further information visit GOV.UK