23rd April 2021
With the fourth SEISS Grant becoming available in the coming days, we thought that we would let you know when the Grants are declarable on your tax returns.
For the first, second and third SEISS Grants received, these are all taxable in the 2020/21 tax year with no apportionment back to the tax year 2019/20. This is regardless of your year–end.
For the fourth and fifth SEISS Grants, these are taxable in the tax year that they are received.
As the Grants are included on your tax return, it is classified as income in that year. If you claim Universal Credit or Tax Credits, please liaise with them as the Grants may affect what you can claim. If you think this may affect you, please liaise directly with the relevant departments.