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READ MOREHMRC clarifies income and trading profit calculation for self-employed support
HMRC has published guidance on how it will work out total income and trading profits for the income support scheme, designed to provide help for the self-employed and members of partnerships who have lost profits due to coronavirus.
HMRC will assess eligibility for the grant based on total income and trading profits, and the guide details how this is calculated.
Read more at the Accountancy Age.
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