HMRC is reminding self-assessment taxpayers that they must declare any Covid-19 payments on their 2021-22 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.
Payments that need to be declared are those applied for and paid out during 22 April 2021 to 1 June 2021 and July 2021 to 30 September 2021; the fourth and fifth SEISS payments respectively.
Other Covid-19 support payments besides SEISS should also be declared on tax returns; self assessment taxpayers may need to report other payments on their return if they are self-employed, in a partnership, or a business.
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.”
Help and support is available on GOV.UK for those completing their Self Assessment tax returns. There is also a series of videos on YouTube.
The free and secure HMRC app can be used to make Self Assessment payments. Alternative payment options include:
- paying through PAYE tax code (subject to eligibility)
- paying via online banking
Those who are unable to pay their tax bill in full can access the support and advice that’s available on GOV.UK. HMRC may be able to help by arranging an affordable payment plan, known as a Time to pay. Customers should try to do this online, go to GOV.UK for more information. Alternatively, they can contact the helpline.