Inform Accounting - Blog 2023

Self-Assessment: don’t forget to declare COVID-19 payments

Written by Inform Accounting | Dec 7, 2022 12:00:00 AM

HMRC is reminding taxpayers that they must declare COVID-19 payments in their tax return for the 2021 to 2022 tax year. These grants are taxable and should be declared on tax returns for the 2021 to 2022 tax year before the deadline on 31 January 2023.

The Self-Employment Income Support Scheme (SEISS) application and payment windows during the 2021 to 2022 tax year were:

  • SEISS 4: 22 April 2021 to 1 June 2021

  • SEISS 5: 29 July 2021 to 30 September 2021

SEISS is not the only COVID-19 support scheme that should be declared on tax returns. If taxpayers received other support payments during the 2021 to 2022 tax year, they may need to report this on their tax return if they are:

  • Self-employed

  • In a partnership

  • A business

See:   Self Assessment: don’t forget to declare COVID-19 payments - GOV.UK (www.gov.uk)
 

 

 

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Struggling to pay tax – What should you do?

Remember to declare COVID-19 grants on your tax return

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