Tag Archive: SEISS

Don’t forget to declare your Covid-19 payments!

Posted 7th November 2022 at 1:31 pm

HMRC is reminding taxpayers that they must declare COVID-19 payments in their tax returns for the 2021 to 2022 tax year.   Self Assessment Tax Returns: More than 2.9 million people claimed at least one Self-Employment Income Support Scheme (SEISS) payment up to 5 April 2022. 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 SEISS application and payment windows during the 2021 to 2022 tax year were: SEISS Four: 22 April 2021 to 1 June 2021 SEISS Five: 29 July 2021 to... Read more

SEISS: Grants 4 & 5 information

Posted 17th May 2021 at 7:12 pm

The Self-Employment Income Support Scheme (SEISS) was late arriving compared to other forms of government support to mitigate the effects of the Covid-19 pandemic, and has been changed and altered frequently over the last year. The details of the final two SEISS grants are discussed below.   SEISS Grant 4 Grant 4 of the SEISS is a departure from the previous grants, which were much vaguer when it came to what qualified as being ‘adversely affected’ by the Covid-19 pandemic. In order to qualify for Grant 4, you now have to prove a significant reduction in trading profits as a... Read more