A partnership (husband and wife) has a work stream mainly managed by the wife who received SEISS 1 & 2. This stream is depleated as a result of Covid 19. The husband however will have a higher share of profit as the work he handles through the partnership has actually increased and the overall accounts profit may be as high as the PY as a result. He has not qualified for SEISS 1 & 2. The wife's share of profits (annually and over any specific period since April 2020) will be adversely affected and certainly down between 30/11/2020 and 31/01/2021. Any thoughts on her eligibilty please for SEISS 3.
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Is this really a partnership or 2 sole traders operating together
Are expenses allocated to the income.
How are fixed costs allocated
How will this not look like manipulation
Same profit as last year but move the profit share to justify free money.
Does it smell OK to you?
If there has previously been a fixed profit share, is the fixed profit share going to be changed just this once?