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UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: Rob.Hall on November 26, 2021, 05:19:14 pm

Title: Gov grant and tax
Post by: Rob.Hall on November 26, 2021, 05:19:14 pm: Just sorting hmrc tax return.
Is the gov grant taxed as a separate identity, (ie pay tax on the grant individually)?
Or, is it bundled in with the profit and loss account?
Title: Re: Gov grant and tax
Post by: NWH on November 26, 2021, 05:47:38 pm: It would go together as your total income so if you took 20k and had a 10k grant you’ll be paying tax on 30.
Title: Re: Gov grant and tax
Post by: Rob.Hall on November 26, 2021, 06:05:11 pm: That's what I thought.
Thanks.
Title: Re: Gov grant and tax
Post by: Ggh on November 28, 2021, 03:45:41 pm: What grant?
Title: Re: Gov grant and tax
Post by: AuRavelling79 on November 28, 2021, 04:05:09 pm: Quote from: Ggh on November 28, 2021, 03:45:41 pm
What grant?

The grant for self employed that earned less than 50K a year?
Title: Re: Gov grant and tax
Post by: Ggh on November 28, 2021, 06:55:11 pm: Quote from: AuRavelling79 on November 28, 2021, 04:05:09 pm
Quote from: Ggh on November 28, 2021, 03:45:41 pm
What grant?

The grant for self employed that earned less than 50K a year?

Oh.

Lucky them.
Title: Re: Gov grant and tax
Post by: AuRavelling79 on November 28, 2021, 07:30:52 pm: Quote from: Ggh on November 28, 2021, 06:55:11 pm
Quote from: AuRavelling79 on November 28, 2021, 04:05:09 pm
Quote from: Ggh on November 28, 2021, 03:45:41 pm
What grant?

The grant for self employed that earned less than 50K a year?

Oh.

Lucky them.

Not really. It meant their business was affected by Covid and they felt the should claim some government assistance.
Title: Re: Gov grant and tax
Post by: Ggh on November 28, 2021, 09:12:38 pm: Fortunate they were offered help.