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covid support grants

Coronavirus: Fifth Self Employment Grant

20th July 202120th July 2021 Kathryn Uncategorised

HMRC have finally released more information about the fifth, and probably final, stage of the self-employment grant. This one is different as the amount you can claim depends on whether your turnover has dropped by more or less than 30%. What is available? Self-employed individuals will be able to claim the following: If turnover has […]

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How should I report my Covid support grants on my tax return?

24th June 202124th June 2021 Kathryn Uncategorised

HMRC have reported that they are not able to automatically process significant numbers of self-assessment tax returns due to incorrect reporting of grants received. As a result many individuals are receiving incorrect calculations from HMRC which show too high a tax liability. So, how should you report these grants on your Return?

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