Self-employment Income and Expenses
To follow HMRC guidance on reporting coronavirus support payments, enter:
• SEISS grants in Adjustments
• other payments in Other business income not included in turnover in Income and Expenses - Income
In Earned Income - COVID-19:
• declare that payments are included in calculating taxable profit
• enter amounts incorrectly claimed but not already repaid
Income
Enter Turnover and Any other business income where indicated. The figures entered here will appear on the Tax Calculation at Report Preview and will populate boxes 15 and 16 on page SEF1 of the tax return.
Expenses
Select Expense type from the drop-down menu, and enter the amount of Total expenses and Disallowable amount. Allowable amount will be calculated as Total expenses less Disallowable amount. The details entered here will appear on Tax Calculation at Report Preview and will help populate boxes 17 to 46 on page SEF2 of the tax return.
An additional details row will be created as the one above is populated.