I have a client who has made considerably more profit in 20/21 than he did in 19/20, but has claimed all the grants.
However in 19/20 he was off work for 9 months following a long illness, so profit was considerably down. Even after the grants he is only just over the tax threshold, so he is down based on 18-19 but up based on 19/20
Looking at the 4 different grants, imo grant 1 is ok as he had no work in April 2020. Grant 2 should be ok. criteria is affected on or after 13 July. and July was quieter. I'm ruling out Grant 3 as just under 40% of his income was made in the 3 months from November 2020. Grant 4 is ok on the 3 month period, as work has dried up in April 2021, but I think you also have to assess the year in total as well, but would that apply to the 20/21 period or 21/22, considering the frant spans 2 tax years?
So, opinions please, am I on the right track with my own assessments?
Would it be worth writing to HMRC and asking for a decision first before submitting the tax return?