ColchesterFC
Journeyman Pro
Is it too late to apply? I wasn't going to bother as we were ok financially but now the car has gone bang the extra cash would come in handy.
Help for self employed
- Thread starter fundy
- Start date
fundy
Ryder Cup Winner
If youve done a 2018/19 tax return already then no you can still apply until July 13th for the first grant and you dont need to have applied for the first grant to apply for the second grant
https://www.gov.uk/government/news/...pport-scheme-and-confirms-furlough-next-steps
ColchesterFC
Journeyman Pro
Thanks for that. I'll have a look in the morning and apply for the first grant and then make a decision on the second one.
ColchesterFC
Journeyman Pro
Just had a look and unfortunately it looks as though I can't make a claim due to this bit....
"You should not claim the grant if you’re a limited company or operating a trade through a trust."
I run my business through a limited company so looks like I'm out of luck.
Mudball
Assistant Pro
As I understand.. If you are a limited co, you won’t qualify for Self Employed scheme... but you can ‘furlough’ yourself and get some support. I know a few people who have done that. Get advice. Good luck
road2ruin
Q-School Graduate
I furloughed myself and also applied for the ‘Bounce Back Loan’. I’d have a look at the loan as the terms are very favourable albeit not like the grants that others have got.
fundy
Ryder Cup Winner
2nd grant can be claimed from August the 17th it seems
fundy
Ryder Cup Winner
HMRC system is now open for 2nd grant claims, when you log in it will tell you which day you can claim from (some will be today some for other days this week it seems)
fundy
Ryder Cup Winner
For those it will affect, the scheme has been extended for winter.
It will cover 2 seperate 3 month periods, starting 1st November and 1st February, you'll be able to claim 40% of previous earnings, capped at £3,750 for each claim, and the first claim should be available from Dec 14th on the HMRC site
https://www.gov.uk/government/publi...loyment-income-support-scheme-grant-extension
It will cover 2 seperate 3 month periods, starting 1st November and 1st February, you'll be able to claim 40% of previous earnings, capped at £3,750 for each claim, and the first claim should be available from Dec 14th on the HMRC site
https://www.gov.uk/government/publi...loyment-income-support-scheme-grant-extension
fundy
Ryder Cup Winner
With the light of lockdown, they are now increasing the 40% to 80% for the period of lockdown, will post better details when I can
fundy
Ryder Cup Winner
OK, the first of the two 3 month claims is being increased to a total of 55% (roughly the average on 80%, 40%, 40%) so a max of £5,160 for the 3 mths, and the claim date has been brought forward to November 30th, the 2nd 3 mths is still planned to be 40% to a max of £3,750
Mudball
Assistant Pro
What i had not seen before was that there is a grant for Feb & March 2021 coming
The Self-Employment Income Support Scheme Grant Extension provides critical support to the self-employed in the form of two grants, each available for three month periods covering November 2020 to January 2021 and February 2021 to April 2021.
Source: https://www.gov.uk/government/publi...loyment-income-support-scheme-grant-extension
SwingsitlikeHogan
Major Champion
If I am right in my understanding - is it still the case that where you work part employed and part self-employed then your self-employed income must be more than half (or whatever it was) of your total income?
Has anything changed if you have lost your employed job due to the virus, but your self-employed work would still be there were it not for the lockdown and other non-lockdown restrictions? In other words - current income would be 100% self-employed but due to restrictions there is no work. Previously self-employed income was below the % threshold to qualify for a self-employed grant. I think a lot of 'freelance' workers are and were so impacted.
Not thinking there will be any support outside of UC as grant entitlement will be assessed on same basis as previous assessment - and so when employed as well as self-employed.
Has anything changed if you have lost your employed job due to the virus, but your self-employed work would still be there were it not for the lockdown and other non-lockdown restrictions? In other words - current income would be 100% self-employed but due to restrictions there is no work. Previously self-employed income was below the % threshold to qualify for a self-employed grant. I think a lot of 'freelance' workers are and were so impacted.
Not thinking there will be any support outside of UC as grant entitlement will be assessed on same basis as previous assessment - and so when employed as well as self-employed.
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fundy
Ryder Cup Winner
fundy
Ryder Cup Winner
As far as I am aware none of the eligibility criteria has changed from the first grant but will have a dig and see if i can find anything
fundy
Ryder Cup Winner
There is nothing in any of the literature that would give me any hope that a claim would be successful, they are very clear that to be able to claim this time round you had to be eligible for the first two grants which is clearly not the case in the above scenario
fundy
Ryder Cup Winner
Goalposts moved again, December and January now also at 80% so the third claim with be for 80% upto a maximum of £7,500 for the 3 months (in the space of a few weeks its gone from 40% to 55% and now to 80%)
D
Deleted member 1740
Guest
This money tree is getting bigger and bigger......
SwingsitlikeHogan
Major Champion
Unfortunately for many the money tree wasn’t tended for long enough and it’s leaves have all fallen and blown away.
fundy
Ryder Cup Winner
as soon as they extended furlough was always likely to follow, hard to see how it isnt extended until March as furlough has been at 80% now.......
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