My 2 question's are was I eligible for the grant and will I be asked to repay it?
My 18/19 profit was £45,000. My turnover early in 20/21 was down by about 15% and I had one employee who was unable to work for 3 months due to shielding. I claimed grant 1 and grant 2.
I had a pleasant bounce back from September onwards and now my profit looks like it might reach £55,000 this year plus the grant. I genuinely didn't forsee this. I picked up one particularly big client that has generated £25,000 profit for me in 4 months. I also took on some part time employment work during the first lockdown and earned about £8,000.
My 19/20 accounts were done in October and I made £65k profit in that year. My accountant friend said because my profit in 19/20 was over £50,000 that I wasn't eligible for the grant. Is this true? HMRCs eligibility checker said I was eligible.