office@ajrandco.co.uk

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Declaring COVID-19 grants

Customers who received COVID-19 grant payments during the 2020 to 2021 tax year should declare them in their tax return.

More than 2.7 million claimed at least one Self-Employment Income Support Scheme (SEISS) payment up to 5 April 2021. These grants are taxable and should be declared on the 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 grant that should be declared on the tax return. If there were other support payments received during COVID-19, they may need to be reported on tax return if the recipient is:

  • 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.

We want to help customers get their tax returns right, first time. We have videos, guidance and helpsheets available online to support you with your Self Assessment. Search ‘help with Self Assessment’ on GOV.UK to find out more.

Myrtle Lloyd, HMRC’s Director General for customer services

HMRC recently announced that more than 20,000 customers, who were unable to pay their tax bill in full, had used the self-serve Time to Pay facility, worth £46 million. The online payment plan helps customers who may feel worried or anxious about paying any tax owed by enabling them to spread the amount into manageable monthly instalments, up to the value of £30,000.

If customers owe more than £30,000, or need longer to pay, they should call the Self Assessment Payment Helpline on 0300 200 3822.

For help with self assessment speak with AJR & Co Ltd.