We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
small business coronavirus grant taxable for universal credit
Hesel18
Posts: 25 Forumite
I previously posted asking if the small business coronavirus grant was taxable for the purpose of universal credit claims.
I have just received a call from Universal credit and they have told me that they received clarity from government yesterday on this subject, they told me to put in my journal that I had received it but it will not be counted as income or savings against UC because it is solely to keep the business going, we just have to put it on the journal so they are aware of it.
I have just received a call from Universal credit and they have told me that they received clarity from government yesterday on this subject, they told me to put in my journal that I had received it but it will not be counted as income or savings against UC because it is solely to keep the business going, we just have to put it on the journal so they are aware of it.
0
Comments
-
just to add this is the £10,000 or £25,000 grant for rate payers from the council, not the self employed scheme for 80% of earnings they told me this would have to be declared as income.0
-
Interesting to hear that they have suggested the same as has been suggested on the forum.
I would think though that any of the grant you use as your own wages/drawings or to pay household bills would have to be recorded as income for UC purposes for the month it's taken in.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.6K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.4K Work, Benefits & Business
- 604.3K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards