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HMRC internal manual

Business Income Manual

Specific 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 - that 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 benefits
  • training and other support - that 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: