Reporting Self-Employed Income Support Scheme (SEISS) Grants on 2021/22 Tax Returns

Where applicable, the fourth and fifth Self-Employed Income Support Scheme (SEISS) grants that a sole trader was entitled to need to be reported on the sole trader’s 2021/22 self-assessment tax return, with any over-claimed amounts separately disclosed. The fifth grant claim was particularly complicated as it was dependent on the reduction in business turnover.

If you have any concerns, we can check that the amounts reported are correct and minimise any potential penalties. Contact your usual relationship manager here at JS for more information.