The grants are subject to income tax and self-employed national insurance contributions (NIC) and for all individuals and most partners in partnerships, the first three SEISS grants must be included on the 2020/21 tax returns.

The guidance explains where the SEISS grants need to be included on self assessment tax returns, and areas you may need to consider when completing your tax returns, such as if you have multiple trades, claim the trading allowance, are a partner in a partnership or claim tax credits.

I am a partner in a partnership – which tax year do I include my SEISS grants in?

If you are a partner who has claimed the SEISS grants because the coronavirus pandemic has adversely affected the partnership’s business, then where and how the SEISS grants are treated for tax purposes depends on who actually received the grant.