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Self Employed Grant - Am I Reading This Right?

Not sure if I'm misinterpreting the guidance.

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In the guidance for the self employed grants, it says;

"You're self employed trading profits must also be less than £50,000 and more than half of your income come from self employment. This is determined by at least one of the following conditions being true:

- having trading profits/partnership trading profits in 2018/2019 of less than £50,000 and those profits constitute more than half of your total taxable income.

- having average trading profits in 2016-2017, 2017-2018 and 2018-2019 of less than £50,000 and these profits constitute more than half your taxable income in the same period.

If I'm reading it right, only one needs to be correct. For example, if you only had self employment income and earned £100k in 2017, £100k in 2018 but only £48k in 2019, you'd still be eligible? As the 2019 year meets the first requirement. 

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By jcace
27th Mar 2020 22:50

That's what it says.

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By andrew1211
31st Mar 2020 10:48


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