I'm sure I read that HMRC has said that the CJRS grants should be treated as other income and not offset against salaries. Is that right as my accountant has offset the furlough monies from the gross salary figure for the year and has also put a negative figure in under Rates rather than treating the local government grant as other income. Could anyone advise please.
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Your accountant is simply wrong. And I wonder what other mistakes are being made as well.
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-CV1...
Show your accountant this!!!