Update on the NSE and MCC grants, following my meeting with Scot Gov today.
People awarded grants just over 15,000 amount spent £61.6 million.
Approximately 3500 still in the standard process.
Less that 100 people were invited to apply for a 3rd time. 60% of people that applied flew through the process.
People awarded grants just over 15,000 amount spent £61.6 million.
Approximately 3500 still in the standard process.
Less that 100 people were invited to apply for a 3rd time. 60% of people that applied flew through the process.
A new outbound calling process began today to try to reach those people that were invited to reapply by email – some 1600 people but they have not yet done so. – I will share the Scot Gov email below to give you the full undiluted version from Scot Gov.
If anyone from our group who is still languishing in the UMi process – IE not invited for an phone appointment and still non the wiser as to where their application is in the process please add your details on this thread. Full name of applicant, date of application and application number.
Those who have already given me this info I have already passed it on.
“Sadie-Michaela
If anyone from our group who is still languishing in the UMi process – IE not invited for an phone appointment and still non the wiser as to where their application is in the process please add your details on this thread. Full name of applicant, date of application and application number.
Those who have already given me this info I have already passed it on.
“Sadie-Michaela
Can I thank you again for all your support and for ongoing engagement and dialogue about the Newly Self-Employed Hardship Fund and Mobile and Home Based Close Contact Services Fund, including our call earlier today. With thanks to Lynne, I can confirm the following actions we agreed:
· LB to send link to statistics on SG website.
· SMH to provide a list of applicants for action/investigation.
· JB to look into the number of people awaiting a telephone call.
· JB to send link to HMRC guidance with confirmation of introduction of new approach being introduced today (8 April).
Please let me know if we have missed anything substantive
As you know they closed to new applications last month and applicants who provided incorrect information in their initial application were given another chance to submit an application. More than 5,500 applicants who were invited to reapply have now done so. However, we have identified approximately 1700 applicants who do not seem to have taken the opportunity to submit another application. We are keen to help these applicants access funding if they are eligible. Rather than asking them to submit another application, those applicants will receive a phone call from an adviser inviting them to book an appointment to discuss their application with a view to seeking additional information that may allow us to approve a grant payment. We are aware that some people may be wary of potential fraudulent phone calls so I’d like to set out the process which will be used:
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from today, advisers will begin calling applicants who have submitted an application which was not approved and a second application has not been made
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applicants will be given the choice to either be resent the email with a link to the booking system to book an appointment or to book an appointment on the phone through the adviser
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once an appointment has been booked, an adviser will call the applicant at that time to go through their initial application and identify any errors. Applicants may need to provide more information which will be explained by the adviser.
I hope this provides further reassurance to your community that we are doing all we can to ensure that all eligible applicants will receive payments.
On the tax implications of these grants, HMRC advice is that ultimately the timing of recognition of income will be determined by accountancy, either the application of GAAP or, if elected, the Cash Basis. And the basis period rules will determine the tax year in which profits will be taxed – guidance can be found in HMRC’s Business Income Manual at BIM81010. In summary, these are features of the tax system for the self-employed who have the flexibility to choose their accounting date and whether to adopt the Cash Basis. There is no basis on which to treat these particular grants in a different way.
Again, I trust this is helpful Joe.
