Exactly. I have also heard that Covid grants will need to be declared on your next taxes as "earnings". Not sure if this is true but that's the rumour.

It's not a rumour was stated right from the start in announcements, and other information that the SEISS grants are taxable - as income.

Just checked and there's information on the .gov website clearly stating SEISS grant is subject to income tax and national insurance.

If you Google SEISS grant taxable should get the same result.

I remember this being in the announcements for the 1st grant right at the start of this.

Might even have been in the application process too.

Exactly. I have also heard that Covid grants will need to be declared on your next taxes as "earnings". Not sure if this is true but that's the rumour.

At the start of the return it states that you received X amount in grant which you have to tick to agree that you did receive that amount. Then I'm sure there was a box for it at the income and expenses section where you just enter the full amount you have received in grants.

i don't recall filling a box with covid grant earnings when I filled my 2019/20 taxes. Ok, it was just two weeks but still. Am I missing something? I'm sure there will be some box mentioning "fill in your covid grant earnings" on our next 2020/21 taxes but I didn't see any mention to covid grants on 2019/20 online tax forms.

Did I mess up? Please don't tell me I messed up 

The grants were not paid until well after the end of 19/20 tax year, if operating on cash basis accounting ie count the money when it arrives then it will be in the 20/21 accounts for submission for 20/21 return.

First grants were paid in I think June or July 2020 so not included in 19/20 tax year.

Thank you GucciGang for that link 

The dates have come through by email today from HMRC mine matches the one given on that link.

The link to check which date eligible applicants can claim their SEI SSis on this week's Martin Lewis email. It takes you straight through to HMRC pages and you log in with the relevant Gateway information.

ive just used the link from martin lewis on twitter to claim as my date given was today and as before took 2 mins and the grant is being processed
at last!

And this just in from HMRC - the fifth (and last) SEISS grant

I've done this already, but to claim it's exactly as before - they'll contact us with a claim date as usual but we need our turnover figure (that is the takings/income regardless of expenses) from a recent trading year (so 2019-2020 for most of us) and then our turnover figure from 2020-2021 - this is April to April. The purpose is to show how much your turnover has fallen by and whether it's more or less than 30%, which determines how much grant money is paid. Expected application dates will be at the end of this month .

Mine had dropped by 75%, which is pretty sobering stuff 

Am i right in thinking this grant only pays out 30% from previous grants which were more?

No you are not

The amount depends how much your turnover has fallen as the post above suggests, so if it's by more than 30% you will get 3 months x 80% and the figure should be the same as the last one we got. If your turnover has fallen by less than 30% it's then that the payout will be smaller, since people who have still been able to earn >70% of their normal income are entitled to less grant money than people haven't. Again:

they'll contact us with a claim date as usual but we need our turnover figure (that is the takings/income regardless of expenses) from a recent trading year (so 2019-2020 for most of us) and then our turnover figure from 2020-2021 - this is April to April. The purpose is to show how much your turnover has fallen by and whether it's more or less than 30%, which determines how much grant money is paid.

It's all on the HMRC website, as ever