Scheme has not been announced for a full 24 hours as yet and already having contentious questions. We have a husband and wife partnership with profits of £66K. I am contending it will be the total of the profits which will be assessed for SEISS whilst the client contends his profits and his wifes are only £33K and so they will both qualify for relief. Could anyone referee please?
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I agree with your client, based on what I've seen so far.
Everything I've seen says it's the self-employment/partnership income total per your self assessment tax return.
I would also tend to agree with the client at present, on the basis that each partner is treated as carrying on their own notional "partner" trade
Yes surely as they are each treated as individuals for tax purposes and just happen to be a husband and wife, presumably taking 50% profits each. If scenario was different (i.e. they were not a married couple but two separate individuals) they would each get assessed by their individual profit share . They each file a separate tax return.