Covid Business Support Grants
The national ‘Open’ and ‘Closed’ covid business support grant schemes have now closed for application and payment.
In line with Government Guidance the schemes closed to applicants on 30 June 2021 and all payments were made by 31 July 2021.
If you completed a register of interest form prior to 30 June 21 and have not heard back from us, this is because your business was not eligible for either of the ‘Open or ‘Closed’ schemes, nor for the Additional Restrictions Grant scheme under that scheme’s eligibility criteria at the time the application was made.
The remaining Additional Restrictions Grant funding will be used to support businesses with 15 employees or over in a scheme which is expected to launch in late September. Further details will become available at that time.
For those who have received business support grant payments from the Council, please remember the grants are treated as income, whether the business is within the scope of either Income Tax or Corporation Tax, and should be recorded in your accounts / HMRC returns as such.
Whether any tax is paid will depend on the business profits of the grant recipient (taking into consideration the grant and other business income and expenditure under normal tax rules), any other taxable income and personal and other allowances to which they are entitled. If in doubt please talk with your tax advisor. The Council cannot provide tax advice.