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More SEISS doubts

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Comments

  • Grumpy_chap
    Grumpy_chap Posts: 18,556 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    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
  • Jeremy535897
    Jeremy535897 Posts: 10,745 Forumite
    10,000 Posts Fifth Anniversary Photogenic Name Dropper
    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.
  • itsmeagain
    itsmeagain Posts: 460 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    edited 16 December 2020 at 8:25AM
    I don't think this conversation is actually progressing or exploring any new elements.
    Gosh - I can see where you got your name.
    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!
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