Hi all, im looking for some guidance.
Bearing in mind its not down to us, as accountants, to make claims i have a barber client whos turnover comparisons are down below 30%. more in the region of around 50%.
However since the 2nd stage of lockdown lifting (12th April 2021) his business has been trading.
The claim guidance states you :
- reasonably believe there will be a significant reduction in your trading profits due to the impact of COVID-19 between 1 May 2021 and 30 September 2021
I see many people on these boards mentioning about the 30% down in turnover but i don't see much mentioned on the guidance above.
In my opinion, being as the clients business has been trading since 12th April, its not significantly impacted by covid between 1st May 2021 and 30th September 2021?
Unless you argue the case that because of restricted holidays etc, people still being wary, then numbers may be down and as a result turnover too.
How would any of you advise this to be approached? Client seems to be pushing on the fact the comparative turnovers are down by way more than 30% but in my eyes thats not the only criteria (as above) but i don't see it mentioned much?
Thanks for any input