1. Process
1.1. Person applies online
1.1.1. Not agent
1.1.2. Can request review
1.1.3. Grant 1
1.1.3.1. On or before 13 July 2020
1.1.4. Grant 2
1.1.4.1. On or before 19 October 2020
1.1.5. Grant 3
1.1.5.1. On or before 29 January 2021
1.1.6. Grant 4
1.1.6.1. On or before 1 June 2021
1.1.7. Grant 5
1.1.7.1. Expected late July
1.1.7.2. Deadline 30/09/21
1.2. HMRC makes payment
1.2.1. Within 6 working days
2. Excluded
2.1. Grants one to three
2.1.1. Trade profits for 18-19 below £50,001 and at least equal to non-trade income
2.1.1.1. Yes
2.1.1.1.1. Not excluded
2.1.1.2. No
2.1.1.2.1. Consider earlier years
2.2. Grants four and five
2.2.1. Trade profits for 19-20 below £50,001 and at least equal to non-trade income?
2.2.1.1. Yes
2.2.1.1.1. Not excluded
2.2.1.2. No
2.2.1.2.1. Consider earlier years
3. Eligibility
3.1. Grants one to three
3.1.1. Current and continuing trade
3.1.2. Tax return for 18/19
3.1.2.1. Submitted by 23/04/20
3.1.3. Impacted by COVID-19
3.1.3.1. Grants 1 and 2
3.1.3.1.1. Adversely affected by COVID-19
3.1.3.2. Grants 3 and 4
3.1.3.2.1. Either reduced demand or temporarily stopped trading
3.2. Grants four and five
3.2.1. Traded 19-20 and 20-21
3.2.2. Tax return for 19-20 submitted by 02/03/21
3.2.3. Significant reduction due to reduced demand, activity or capacity
3.2.4. Will continue to trade
4. Calculation
4.1. Grant 1
4.1.1. Average monthly profits 19-20 x 3 x 80%
4.1.2. Capped at £7,500
4.2. Grant 2
4.2.1. Average monthly profits 19-20 x 3 x 70%
4.2.2. Capped at £6,570
4.3. Grant 3
4.3.1. Average monthly profits 19-20 x 3 x 80%
4.3.2. Capped at £7,500
4.4. Grant 4
4.4.1. Average monthly profits 20-21 x 3 x 80%
4.4.2. Capped at £7,500
4.5. Grant 5
4.5.1. Turnover for 20-21 reduced by 30% or more compared to 19-20?
4.5.1.1. Yes
4.5.1.1.1. Average monthly profits 20-21 x 3 x 80%
4.5.1.1.2. Capped at £7,500
4.5.1.2. No
4.5.1.2.1. Average monthly profits 20-21 x 3 x 30%
4.5.1.2.2. Capped at £2,850
4.6. Resource: calculator
5. Grants are taxable
5.1. Entitled
5.1.1. IT & NICs
5.1.1.1. 20/21 for grants one to three
5.1.1.2. 21/22 for grants four and five
5.1.2. Universal Credit
5.2. Not entitled
5.2.1. 100% tax charge
5.2.2. Notify HMRC
5.2.3. Penalty if late notification
5.2.4. HMRC assessment or include in tax return