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PostPosted: Mon Dec 21, 2020 11:56 am 
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We all know the SEISS grants (80% - 70% - 80% and maybe a 4th at 70%) count as income tpowards the 2020-21 tax returns (and it seems HMRC will have the extra page on returns) but...

What about these "ARG" grants?

£7500 here but says "taxable but not income, must be used towards business costs"


for some the SEISS + ARG will exceed the £12,000 personal tax allowances

*ARG = Additional Resources Grant (HMG gave councils £20 per head of population to dish out

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PostPosted: Mon Dec 21, 2020 12:33 pm 
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Location: Stamford Britains prettiest town till SKDC ruined it
All count as income and therefore must be included on the tax return according to the FSB

but not the BILS loans

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PostPosted: Mon Dec 21, 2020 5:07 pm 
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edders23 wrote:
All count as income and therefore must be included on the tax return according to the FSB

but not the BILS loans


Thats my interpretation too

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PostPosted: Mon Dec 21, 2020 5:11 pm 
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actual wording


Image

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