Policy paper

Updates to taxation of the Self-Employment Income Support Scheme grants for Income Tax

This tax information and impact note is about the taxation of Self-Employment Income Support Scheme grants.

• From: HM Revenue & Customs
• Published: 3 March 2021

Documents

Taxation of the Self-Employment Income Support Scheme grant for Income Tax

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Details

This measure updates the legislation that confirms that payments from Self-Employment Income Support Scheme (SEISS) are subject to tax. Under the current legislation, a payment from SEISS is taxed as income for the tax year 2020 to 2021. This measure will provide for a payment from SEISS to be taxed as income for the tax year in which it is received.

Published 3 March 2021