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Partnership profits > £50k

Is covid-19 support based on profits of partnership or profits per partner?

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Partnership has average profits of £80,000 over 3 years.  There are 4 partners giving a £20,000 share each. 
Are the partners excluded from the Covid 19 support on basis partnership is making more than £50.000 or is it calculated on a per partner basis?

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By Matrix
28th Mar 2020 07:05

I expect would take the self employed profits from each partner’s return. Do they have any other income? Watch out for the 50% rule.

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