As HMRC confirms delays in processing self assessment returns with incorrectly reported SEISS grants, the Tax Faculty has published guidance for all ICAEW members on the tax issues arising from the UK’s coronavirus support schemes. The government’s COVID-19 financial support schemes, namely the Coronavirus Job Retention Scheme (CJRS) and Self-employment Income Support Scheme (SEISS) give rise to a number of tax issues, separate from the rules that apply to the schemes themselves. The guide, which is freely available to all ICAEW members, starts by outlining the tax treatment of grants. For example, CJRS grants are subject to income or corporation tax and follows accounting treatment required by GAAP, meanwhile SEISS grants are subject to income tax and class 4 national insurance contributions, generally in the year in which they are received.