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Business Rates Grant

Presumably this is taxable?

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Had a query from a client asking whether Business Rates grant is taxable.

I assume that it absolutely is but couldn't see any confirmation.  Could anyone please confirm?

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By bernard michael
06th Apr 2020 12:11

The Dept for Business Energy & Industrial Strategy FAQ document says
The default position is that these grants would be liable for tax as are the business costs this grant is supporting

It also answers the daftest question I've seen to date viz:-

Can businesses who are eligible but don't want or need funding opt out?
A business may decline the grant

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