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Self-assessment taxpayers must declare COVID grants on tax returns

Self-assessment taxpayers must declare COVID grants on tax returns

HMRC has reminded self-assessment taxpayers to declare any COVID-19 grant payments on their 2020/21 tax return.

The tax authority says these grants are taxable, and customers should declare them on their 2020/21 tax return before the deadline on 31 January 2022.

If you would like any advice regarding this article, please get in touch by contacting us by calling 0115 928 3228 or email info@coalesco.co.uk.

January 11, 2022

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