Navigating Tax Implications for Grants and Loans: What UK Startups Need to Know
Understanding the Basics: Grants vs LoansFor UK startups, distinguishing between grants and loans is not just a matter of semantics—it’s a crucial financial decision that can shape your business trajectory and tax obligations. Grants are typically non-repayable funds provided by government bodies, charities, or innovation schemes to support specific projects, research, or business growth. In…