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More SEISS doubts
Comments
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I notice now that the thread where HMRC ADMIN 14 indicated to ignore the previous grants has been updated with a coments by HMRC ADMIN 5 suggesting that HMRC ADMIN 14 may have spoken out of turn:
https://community.hmrc.gov.uk/forums/customerforums/sa/8b8b1039-882d-eb11-8441-00155d3ba99e
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Maybe that's the import of Admin 5's message that just says the forum doesn't deal with SEISS. I don't know. I hope the Chartered Institute of Taxation gets an answer soon. On looking at the webinar on 27 November, when they agreed to put the question to HMRC, all three speakers' first reaction was not to include grants in trading profits for this purpose, but then they paused. Further discussion on AccountingWeb reveals nothing new.0
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I don't think this conversation is actually progressing or exploring any new elements.
My point was not meant to progress to the final answer & explore new elements. I was simply sharing a valid alternative view / counter argument to Jeremys logic on the absurdity if you do NOT include the grants in deciding if income is significantly affected.
Although my opinion won't change anything, the grant should stop people earning significantly less AFTER the grant, but not to the extent that the grant would make them earn significantly more than they normally would - that would be absurd!0
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