SEISS grants and vat

[katytaty]

Hi
Just want to know if the self employed grants received, if they take your turnover over the VAT threshold do you register for VAT or, do you take the grant figures out to determine VAT threshold

 

[katytaty]

Hi again
any recommendations for an accountant based in morpeth area? apologies if not allowed to ask for this in advance

 

[SteveHa]

SEISS is not a taxable supply. So no.

 

[DefinitelyMaybeUK]

SEISS is not a taxable supply

Just to clarify, while it's ignored for VAT turnover, SEISS is taxable for income and NIC 4. There's a summary here:
https://www.gosimpletax.com/blog/when-should-you-report-a-seiss-grant-on-your-tax-return/
and how it should be reported here:
https://www.gov.uk/guidance/check-if-you-need-to-change-your-self-assessment-return-for-seiss