If you have a doubt why not claim it, as long as you can prove you're losing some money then all they can do is ask for it back. They will have to clarify significant because as far as I'm concerned £20 is significant. One thing for certain if you don't and ? happens they'll not let you back date it.
I can prove I’m £30 a month down for sure as it’s an office that I clean monthly It used to be £86 a month inside and out. They stopped having the insides cleaned in March so I reduced their bill by £30. They pay in the bank. The others that I’m down by pay cash. I gained a £320 a month in April so my takings are actually up but I’m still £165 down on what I would be if it weren’t for corona. I wouldn’t say I need it as I’m up but I am eligible. Battling with my conscience ?
I would never tell anyone what to do, all I look at is what is the risk and as far as I can see they will ask for it back. If you're taking the mick and can't prove you've lost money then there might be worse consequences.
Is it for the whole tax year though? Then do you have to include previous grants as profit? Then noone should be down unless you've done fxck all year round
Thats what I thought, just for Nov - Jan so long as you were eligible for previous grants. I do think if you claim, you're probably putting yourself in the hmrc headlights more than if you don't. However if you've acted honourably then there's nothing to worry about
So how it's understood is, has the impact from Nov - Jan affected your accounting year turnover as a whole. So say you are £1000 down from Nov - Jan. But then you make that £1000 back Feb - April then you wouldn't be entitled to it. So the financial impact in Nov - Jan has to affect your yearly turnover as a whole if that makes sense. You can't just say I lost money in those 3 months and that be enough.
I don’t agree with that reasoning , if you loose a £1000 worth of work due to covid , and you then pick up an extra £1000 worth of work you arnt Evan you are still £1000 down as that’s new work although you are earning the same , we don’t qualify for this grant but I would claim given the example I have just used with a clear conscience , and would happily argue that point with HMRC if they wanted to take matters further .
My son applied on Tuesday and the money arrives tomorrow, absolutely the same as previous grants
I quite agree what does it say , trading but impacted by reduced demand doesn’t say you have to have earned less .
