The 10k and 25k Government grant.

[Wacky Racer]

Just wondered:-

For those shops and businesses that have been in receipt of this, reading the website it appears it is, or may be taxable.

How would this work, and when would the tax be due?

Thanks

[chml]

Wacky Racer said:

Just wondered:-

For those shops and businesses that have been in receipt of this, reading the website it appears it is, or may be taxable.

How would this work, and when would the tax be due?

Thanks

It's to be declared on the end of year accounts/SAR so tax is due to be paid at the normal periods depending on year end.

[Wacky Racer]

chml said:

It's to be declared on the end of year accounts/SAR so tax is due to be paid at the normal periods depending on year end.

Thanks, that's what I suspected....