With the self-assessment deadline looming for those who file online, HMRC is currently sending out reminders to ensure people are including any covid grants to their tax return.
The taxable grants and payments from the covid-19 support schemes include:
- Self-Employment Income Support Scheme (SEISS)
- Coronavirus Job Retention Scheme (CJRS)
- Self-isolation payments
- Local authority grants
- Eat Out to Help Out scheme.
From the first week of November, HMRC have been contacting those who have claimed the first, second and/or third SEISS grants, but who have either not yet filed their tax return, or who have filed their self-assessment but have not completed the self-employment or partnership pages.
Thinking of appointing Dolan Accountancy?
Give us a call on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.
Email JaimeThese people are being asked to do this within the next 30 days so they can check that they were eligible for the grants.
With payment due on the 31st January 2022, HMRC is urging those who may be worried about how to pay their taxes to access support on GOV.UK. There will be various payment options available, including:
- Paying through a customers’ tax code (PAYE customers only)
- Payment on Account
- Setting up an online monthly payment plan (self-serve Time to Pay)
- Pay by debit or corporate credit card
- Pay at a bank or building society.
To find out more about contracting please contact Jaime on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.
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