voluntary organisations, social enterprises and volunteering
voluntary organisations, social enterprises and volunteering
COVID related grants to business - tax status
Created: 05/12/2021HMRC are reminding people that grants and payments from schemes to support businesses and self-employed individuals during coronavirus (COVID-19) are taxable. They should be declared as taxable income on company tax returns in line with the relevant accounting standards.
To find out more visit Reporting coronavirus (COVID-19) grants and support payments on GOV.UK.