Category Archives: Grants

Reporting COVID support scheme grants to HMRC

17th November 2021 Posted by -

Most COVID support scheme grants are treated as taxable income in the same way as other taxable receipts and need to be reported to HMRC. The grants

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Reporting grants received to HMRC

12th October 2021 Posted by -

Most COVID support grants are treated as taxable income in the same way as other taxable receipts and need to be reported to HMRC. The grants are

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No time for head in the sand tactics

4th June 2021 Posted by -

Companies that are still claiming the Coronavirus Job Retention Scheme grants, now known as the furlough scheme, will have hard choices to make come

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COVID support grants that are taxable

12th May 2021 Posted by -

We would like to remind readers that existing legislation is in place to ensure that COVID support grants are treated as taxable income in the same

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Repaying overclaimed SEISS grants

20th April 2021 Posted by -

Self-employed individuals (including partnerships) who have overclaimed the Self Employed Income Support Scheme (SEISS) must pay back the overpayment

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Spring Budget 2021 – Government backed loan schemes

10th March 2021 Posted by -

The deadline for applications for all the government-backed loan schemes including the Bounce Back Loan scheme, Coronavirus Business Interruption

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Claiming Self-Employed Income Support Scheme grants

1st March 2021 Posted by -

Under the third Self-Employed Income Support Scheme (SEISS) grant, claimants received up to 80% of average trading profits for November and December

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Time to revisit solvency

5th January 2021 Posted by -

If you have managed to retain profits in your business this fat-on-the-bone will help to see you through loss making periods as we endeavour to emerge from COVID disruption, hopefully, later this

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