BIM40400 | 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: