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Personal Tax - Enter SEISS and Covid grants?

Article ID
personal-tax-how-to-enter-seiss-and-covid-grants
Article Name
Personal Tax - Enter SEISS and Covid grants?
Created Date
20th August 2021
Product
Problem
IRIS Personal Tax: With the HMRC rules from 2020/21 onwards permitting the entries for SEISS and Covid grants - How do i enter this information into PT
Resolution

The training video will explain where to enter the values. Go to the very bottom of the link for the video: https://www.iris.co.uk/support/iris-accountancy-suite-support/iris-spring-2021-release-v21-1/

  1. Load the client and choose the relevant year
  2. TPV, STP
  3. Open the relevant accounting period,
  4. Two options will show ‘Other income (not SEISS)’ at the top and ‘SEISS payments’ at the bottom.
  5. Enter the values and OK. This will tick box 20.1 on page TR8.

Also there is a option for ‘Incorrect grant claims‘ under Reliefs /Misc (where data transferred from BT will show).

Short Self employment pages box 27.1 will be filled in from step 4.

There is no function yet to claim SEISS and Covid grants against Property income so please add it under Reliefs / Misc/ additional info/ SA100 and state it here.

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