Help for self employed

[fundy]

HMRC opened the applications for grant 3 today, you shouldve had an email or a message within your account on the hmrc client

Appears that its the same criteria as the first 2 PLUS you have to be able to prove the effect on your business between 1st Nov and 31st Jan, they say you need to keep records to be able to justify the claim (which wasnt required for the first 2)

 

[Imurg]

HMRC opened the applications for grant 3 today, you shouldve had an email or a message within your account on the hmrc client

Appears that its the same criteria as the first 2 PLUS you have to be able to prove the effect on your business between 1st Nov and 31st Jan, they say you need to keep records to be able to justify the claim (which wasnt required for the first 2)

Does a blank diary count..?

 

[fundy]

Does a blank diary count..?

Pretty sure a link to their own site all you will need Ian

 

[fundy]

HMRC opened the applications for grant 3 today, you shouldve had an email or a message within your account on the hmrc client

Appears that its the same criteria as the first 2 PLUS you have to be able to prove the effect on your business between 1st Nov and 31st Jan, they say you need to keep records to be able to justify the claim (which wasnt required for the first 2)

Helped someone do theres today. Process very straightforward just requires an extra declaration regarding impact on you business/ability to work and guidance on what evidence you should keep. Should be paid within 6 working days of claiming (likely it may be slightly quicker)

For anyone who is claiming the grants do remember you are going to pay tax/NI on them in your 2020/21 tax return (due for submission in Jan 2022) and if you can make sure you have this put aside

 

[Imurg]

Helped someone do theres today. Process very straightforward just requires an extra declaration regarding impact on you business/ability to work and guidance on what evidence you should keep. Should be paid within 6 working days of claiming (likely it may be slightly quicker)

For anyone who is claiming the grants do remember you are going to pay tax/NI on them in your 2020/21 tax return (due for submission in Jan 2022) and if you can make sure you have this put aside

Mine may hit the bank tomorrow

 

[SwingsitlikeHogan]

Our lad has applied for an Arts Council Grant - funded by the National Lottery - for freelance professionals who were working in theatres, he'll be hearing the outcome of his application in a couple of days time. Given the criteria he should qualify - but knowing his (and our) luck his application will be rejected. But with a bit of faith and hope - and maybe a little bit of 'charity' will come along.

 

[Imurg]

Is there any news on an extension to this.?
Not heard anything and the current one ru s to the end of the month.
Lockdown will be on until mid February at the earliest I expect and could drag on longer...
Anyone heard anything.?

 

[Deleted member 1740]

Is there any news on an extension to this.?
Not heard anything and the current one ru s to the end of the month.
Lockdown will be on until mid February at the earliest I expect and could drag on longer...
Anyone heard anything.?

There's another 1 to run through to April in line with Furlough.

 

[anotherdouble]

Is there any news on an extension to this.?
Not heard anything and the current one ru s to the end of the month.
Lockdown will be on until mid February at the earliest I expect and could drag on longer...
Anyone heard anything.?

available to claim in February Ian. What has not been confirmed is the %

 

[Imurg]

Cool...assumed there would be something..must have missed the announcement with all the rushing around I'm doing ...

 

[fundy]

available to claim in February Ian. What has not been confirmed is the %

considering the country will be in lockdown when it starts cant see anyway its not done at 80% again

what will be interesting is if they finally include those who havent been able to claim up until now and/or whether they use the 2019/20 return which is due in by the end of Jan to calculate the basis of profits, most likely wishful thinking on both and it will just be exactly the same

will post the claims date and basis on here once its announced

 

[road2ruin]

what will be interesting is if they finally include those who havent been able to claim up until now and/or whether they use the 2019/20 return which is due in by the end of Jan to calculate the basis of profits, most likely wishful thinking on both and it will just be exactly the same

I read that groups had met the government and discussions had taken place. Whether that leads to anything positive, I’m certainly not holding my breath.

 

[fundy]

I read that groups had met the government and discussions had taken place. Whether that leads to anything positive, I’m certainly not holding my breath.

I know a lot of people who are hoping but not expecting as you say

 

[anotherdouble]

Just seen on Twitter that Martin Lewis has had it confirmed from treasury that there will be no further announcement regarding 4th self employment grant until after March 3rd budget

 

[Deleted member 1740]

Just seen on Twitter that Martin Lewis has had it confirmed from treasury that there will be no further announcement regarding 4th self employment grant until after March 3rd budget

There's also rumours of it being heavily reduced.....

 

[anotherdouble]

There's also rumours of it being heavily reduced.....

Wouldn’t surprise me fam.

 

[anotherdouble]

There's also rumours of it being heavily reduced.....

I am totally shut down, so it’s lose lose for me, but i will still have a roof over the head and my belly will keep me going for a bit so I can’t complain ?

 

[Imurg]

I am totally shut down, so it’s lose lose for me, but i will still have a roof over the head and my belly will keep me going for a bit so I can’t complain ?

Same here.
Only upside is that I'm not spending anything and the Mrs salary keeps everything else going.

 

[fundy]

From todays budget:

4th grant which is February to April, will be on the same basis as previous claims, 80% of last 3 years earnings. This will now include those previously excluded who were newly self employed as long as they have submitted a 2019/2020 tax return by last night (If anyone is in this category and isnt sure how to go about claiming or what they will receive feel free to ask me and I will help where i can)

Will be a future 5th grant that will be for May to September but you will get 80% assuming your turnover is down by more than 30%. If its not you will only get 30% (It did seem like it will be 3mths money for 5 months period though, will clarify when the full details are published)

 

[road2ruin]

From todays budget:

4th grant which is February to April, will be on the same basis as previous claims, 80% of last 3 years earnings. This will now include those previously excluded who were newly self employed as long as they have submitted a 2019/2020 tax return by last night (If anyone is in this category and isnt sure how to go about claiming or what they will receive feel free to ask me and I will help where i can)

Will be a future 5th grant that will be for May to September but you will get 80% assuming your turnover is down by more than 30%. If its not you will only get 30% (It did seem like it will be 3mths money for 5 months period though, will clarify when the full details are published)

I am resigned to not ever receiving any help from the Chancellor, I've made peace with that however what really does anger me is his insistence on using the phrase "We will continue doing whatever it takes to support British people and businesses". He has supports a lot of people and businesses however there are still a significant number that he has completely ignored. Just stop with the soundbites as it's annoying to hear however great you've been at supporting 'all' people and businesses.