SCHEDULES
SCHEDULE 16Taxation of coronavirus support payments
6Charge where no business carried on
1
Tax is charged on an amount of a coronavirus support payment, other than a payment made under an employment-related scheme or the self-employment income support scheme, if—
a
b
at the time the coronavirus support payment was received, the recipient did not carry on a business whose profits are charged to tax and to which the payment could be referable.
2
In this paragraph “tax” means—
a
corporation tax, in the case of a company that (apart from this paragraph) is chargeable to corporation tax, or to any amount chargeable as if it was corporation tax, or
b
income tax, in any other case.
3
Tax is charged under sub-paragraph (1) on the whole of the amount to which that sub-paragraph applies.
4
The person liable for tax charged under sub-paragraph (1) is the recipient of that amount.