The UK government brought in Covid Relief grants in 2020 to help with the hardships of the Coronavirus Pandemic on small businesses.
This guide will help you in the process of adding this relief to your clients tax returns
Grants and payments from schemes to support businesses during coronavirus (COVID-19) should be included as income when calculating your taxable profits in line with the relevant accounting standards.
If you are completing a company tax return on your client’s behalf, you will need to check the coronavirus grants they received; this is particularly important if another agent made a CJRS claim on their behalf, or they claimed a grant themselves from a local authority or another public body.
Please click here to watch how to use SEISS and Government Grants in Self Assessment and CT600
Sole Trader Accounts Production
Navigation: Accounts Production> Select Sole Trader > Tasks > Trial Balance
Help/Guide:
When creating a Trial Balance either in Bookkeeping or Accounts production please use the code 2060 for SEISS Grant
Please then proceed Preparing a set of Accounts
The Grant will appear in the Annual Accounts Profit and Loss under Other Business Income
Sole Trader SA100
Navigation: Self Assessment> Select Sole Trader > +SA100
Help/Guide:
Please click to add a new SA100 on the green button
A pop up will appear, please fill out the relevant information and select Import Data from Accounts Production
This will take you the Self Assessment Return
Please click here to read how to create a Self Assessment Return
In the Supplementary Page tab Self Employment short or long will be auto selected
In Self Employment Short box 27.1 under Net profit (loss) > Taxable Profits will be auto filled out
In Self Employment (Long) this will be found in box 70.1. This is found under Net profit (loss), Taxable Profits or Loss
Limited Company Accounts Production
Navigation: Accounts Production> Select Limited Company > Tasks > Trial Balance
Help/Guide:
When creating a Trial Balance either in Bookkeeping or Accounts production please use the code 2000 for Government Grant.
Please then proceed Preparing a set of Accounts
The Grant will appear in the Annual account Profit and Loss under Other Operating Income. Any related notes will be automatically created.
Corporation Tax CT600
Navigation: Corporation Tax> Select Limited Company > Tasks > CT600
Help/Guide:
Please click on 
to create a new return
A pop up will appear, please fill out the relevant information and select Import Data from Accounts Production
Please click here to read how to create a CT600
The Government Grant will be auto filled out in box 471
