4(1)An amount of a coronavirus support payment that relates only to mutual activities of a business that carries on a mutual trade is to be treated as if it were income arising from those activities (and accordingly the amount is not taxable).U.K.
(2)A coronavirus support payment is to be ignored when carrying out the calculation—
(a)in section 528(1) of ITA 2007 (incoming resources limit for charitable exemptions);
(b)in section 482(1) of CTA 2010 (incoming resources limit for charitable companies);
(c)in section 661CA(1) of CTA 2010 (income condition for community amateur sports clubs).
(3)A coronavirus support payment made under an employment-related scheme is to be ignored when carrying out the calculation—
(a)in section 662(2) of CTA 2010 (exemption from corporation tax for UK trading income of community amateur sports clubs);
(b)in section 663(2) of that Act (exemption from corporation tax for UK property income of community amateur sports clubs).
(4)No relief under Chapter 1 of Part 6A of ITTOIA 2005 (trading allowance) is given to an individual on an amount of a coronavirus support payment made under the self-employment income support scheme brought into account under paragraph 1(2) as profits of that tax year.
(5)For the purposes of that Part, such an amount is to be ignored when calculating the individual's “relevant income” for that tax year under Chapter 1 of that Part.
(6)Neither section 57 of ITTOIA 2005 nor section 61 of CTA 2009 (deductions for pre-trading expenses) (including as they apply by virtue of sections 272 and 272ZA of ITTOIA 2005 and section 210 of CTA 2009) apply to employment costs where an amount of a coronavirus support payment made under an employment-related scheme relates to those costs.