Results YE 05.04 2019 2020 2021
Trading Profit (Loss) 8,006 6,971 (12)
SEISS 5,793
5,781
Local authority Grant 10,000
Profit 15,781
Should he have not claimed SEISS because £10K grant replaced lost profit?
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Replies (3)
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And anyway, the two grants are for entirely different purposes.
SEISS is to 'replace' some of the income for the individual (hence the name); whereas the LA grant will relate (albeit not always directly) to assisting with overhead costs of the business.