I will shortly be working on a self employed traders accounts for the year to 30 April 2020 (his basis period for 2020/2021). He has received JRS and SEISS grants since 30 April so they won't feature in his accounts. However, I understand that these grants are to be subject to tax and NI in 2020/2021. So will they have to be separately reported on the 2020/2021 tax returns to cater for clients such as this one?
29th Jun 2020
Accounts treatment of Covid grants
2020/2021 tax year
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