Accounting for Coronavirus Support

Due to the pandemic, many Companies and businesses are receiving support from the government in the form of grants, loans and reliefs. Most of these businesses would not have accounted for something like this previously. UK Accounting Standards have different accounting rules for these types of transactions. Based on the latest guidance available, we have put together a brief guide for the accounting and tax effects of such transactions, which can be found on our dedicated Coronavirus page at:

COVID-19: Your business

Disclaimer - All information in this post was correct at time of writing.