BIM40400 - Receipts: government support for new businesses: contents

This chapter looks at the tax treatment of government help for unemployed persons seeking to start their own businesses. The government may provide individuals with:

• Financial assistance. This is to provide a continuing source of income in the initial period after they have set up in business and have consequently lost their entitlement to unemployment benefit.
• Training and other support. This is to help them set up their own small businesses or to help those who have recently done so.

The guidance is set out as follows: