Don’t forget to declare any COVID-19 payments for Self-Assessment

Another tax deadline is rapidly approaching, and Self-Assessment taxpayers are being reminded that they must declare COVID-19 payments in their tax return for the 2021/22 tax year.

The impact of the pandemic may be receding, but more than 2.9 million people claimed at least one Self-Employment Income Support Scheme (SEISS) payment up to 5 April 2022.

HM Revenue & Customs (HMRC) has reminded people that the grants are taxable and should be declared on Self-Assessment tax returns for the 2021/22 tax year before the deadline on 31 January 2023.

As this is an unusual, pandemic-inspired situation, taxpayers are being urged to make sure they send the correct information and seek help if it is needed.

Myrtle Lloyd, HMRC’s Director General for Customer Services, said: “We want to help customers get their tax returns right, first time. We have videos and guidance available online to support you with your Self-Assessment. Search ‘help with Self-Assessment’ on GOV.UK to find out more.”

The Self-Employment Income Support Scheme (SEISS) application and payment windows during the 2021/22 tax year were:

  • SEISS 4: 22 April 2021 to 1 June 2021
  • SEISS 5: 29 July 2021 to 30 September 2021

Other support schemes were in operation during the pandemic and may also need to be declared on tax returns.

If people received other taxable support payments during the 2021/22 tax year, they may need to report this on their Self-Assessment tax return if they are:

  • Self-employed
  • In a partnership
  • Required to otherwise complete a tax return

Taxpayers can check which COVID-19 grants or payments they need to report to HMRC on GOV.UK.

Need help with Self-Assessment and related tax matters? Contact us.


Posted in Business.