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Declare COVID-19 grants on tax returns

Declare COVID-19 grants on tax returns

HM Revenue and Customs (HMRC) has urged retailers to declare and include COVID-19 grants or payments on their company tax returns if they are taxable.

Don’t forget to declare COVID-19 grants on your tax return

Don’t forget to declare COVID-19 grants on your 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 on  January 31 2022.