SEISS 5 - other income

Garyqwerty

During 2020-21 I received £2000 from a previous employer (I used to work for them 10+ yrs ago but I am enrolled in their trust which made the payment) - they deducted tax and NIC at source
Do I include this in 2020-21 turnover?
This has nothing to do with my trading company

Pennywise

Garyqwerty said:

During 2020-21 I received £2000 from a previous employer (I used to work for them 10+ yrs ago but I am enrolled in their trust which made the payment) - they deducted tax and NIC at source
Do I include this in 2020-21 turnover?
This has nothing to do with my trading company

No, that's employment income, not trading income, so you exclude it, along with everything else that isn't trading income.

Jeremy535897

I assume you mean "trade" rather than "trading company".

soolin

 Go through the help and explanation pages on HMRC they are very helpful about how to calculate your turnover for 20/21 and what it includes and what it doesn’t. If that money doesn’t form part of your current self employment then it is not included in the calculations.

Garyqwerty

Many thanks - yes I meant trade btw

Including the employed income of £2k - still shows more than a 30% decrease in turnover (and less than 50% of year total) so it shouldn't matter all that much but thought i'd ask the question