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Posted Tue, 02 Aug 2022 13:47:20 GMT by Christian Mercadal Farr
SEISS 4th Grant covers the period of 01/02/2021 to 30/04/2021, meaning it falls between 2 tax year periods. 2/3rds aprox in 20/21 and 1/3rd in 21/22. Because the Grant was paid in late April HMRC says this must be reported under the 21/22 self assesment year. My question is, why should I pay for 14 months of earnings in 21/22 but only 10 months in 20/21? Because of this injustice, with my low income, I now have to pay more tax due to more of my earnings falling into the next tax bracket. There must be millions of people in the same situation and this is an unlawful way of taking yet more tax from the people in this country.
Posted Wed, 03 Aug 2022 09:04:52 GMT by HMRC Admin 25
Hi Christian Mercadal Farr, 
The SEISS grant was based on your income in the 2019/20 tax year irrespective of your start date for self employment and is taxable on a receipts basis.
As the claim window was not available until after 06/04/21, which is the 2021/22 tax year, it cannot be declared in an earlier year and the full grant must be declared in 2021/22.
Thank you.  
 

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