Wonder if the taxman will notice if I treble my income for the last year?
Everyone in the working sector will be paying back the handouts to both employed and self employed for years to come, we will all be paying higher taxes.
The way i seen it was that if u earned, say an average profit of £1k a month, averaged over the last 3 tax years, less 20%, u would get £800 a month???
Quote from: Ooooooog on March 26, 2020, 07:18:43 pmGovernment are making it up as they go along. DO NOT TRUST THEM.Umm, well, they would be, wouldn't they; these events are unprecedented. But of course you'd do a better job wouldn't you.
Government are making it up as they go along. DO NOT TRUST THEM.
At 8 o'clock this evening - immediately after clapping the NHS from your front door - tune in to Question Time and watch the wonderfully well-aging Fiona Bruce host a program answering questions about the self employed.
Quote from: KS Cleaning on March 26, 2020, 07:33:02 pmEveryone in the working sector will be paying back the handouts to both employed and self employed for years to come, we will all be paying higher taxes.I agree. 100% . And the threshold will be creeping down.
Quote from: wayne m on March 26, 2020, 05:24:53 pmBut surely that’s only for the self employed who can’t work because of Coronavirus because as it stands we are allowed to go out and work if we follow the safe distance rules etc so if no one is working cleaning it’s because they have chose not to or because they have the virus?Correct me if I'm wrong I was partially listening to it (the missus decided to clean up as I was trying to listen 🙄) but didnt he say you could work AND claim it's to make up any profit shortfall effectively?Maybe I'm imagining things 😂
But surely that’s only for the self employed who can’t work because of Coronavirus because as it stands we are allowed to go out and work if we follow the safe distance rules etc so if no one is working cleaning it’s because they have chose not to or because they have the virus?
Quote from: Whey_Aye_Banzai on March 26, 2020, 07:17:52 pmQuote from: Clean Cloth on March 26, 2020, 07:01:53 pmNo, that was not said. I was just hoping 2019/20 would count, otherwise I have 1 qualifying year and that year (2018/19) was not as good as 2019/20. So if I am eligible for the grant it will be a low amount.Rishi did say you needed a tax return for 2019 and that if you still haven't completed your return, you've a month to get it in. I infer from that that 2020 won't count.Correct the 2019 tax return is for April 18- April 19. The tax year due to finish in a few weeks will not count.
Quote from: Clean Cloth on March 26, 2020, 07:01:53 pmNo, that was not said. I was just hoping 2019/20 would count, otherwise I have 1 qualifying year and that year (2018/19) was not as good as 2019/20. So if I am eligible for the grant it will be a low amount.Rishi did say you needed a tax return for 2019 and that if you still haven't completed your return, you've a month to get it in. I infer from that that 2020 won't count.
No, that was not said. I was just hoping 2019/20 would count, otherwise I have 1 qualifying year and that year (2018/19) was not as good as 2019/20. So if I am eligible for the grant it will be a low amount.
That was my first full year of trading so earnings were still low but I hope it still makes me eligible for the grant, anything is better than nothing as I lost 30% of my work this week, camp site work.
Does anyone think that this grant could now lead to a stricter lockdown?
Quote from: James Styles on March 26, 2020, 06:34:40 pmOh well, I’ve been SE for 10 months, so looks like all I’m entitled to is universal credit ffs, people will say “carry on working” but my round is small and I have quite a few old customers who don’t pay online, I have some that I need to go through the house, I still have some messers and the other ones most likely just won’t want me cleaning the windows at this moment, plus it’s only likely to become worse so stricter lockdowns will most likely happen which means I couldn’t work for long anyways. Fed up.I did think about you when he mentioned the 12 months, James. Bad news, mate.
Oh well, I’ve been SE for 10 months, so looks like all I’m entitled to is universal credit ffs, people will say “carry on working” but my round is small and I have quite a few old customers who don’t pay online, I have some that I need to go through the house, I still have some messers and the other ones most likely just won’t want me cleaning the windows at this moment, plus it’s only likely to become worse so stricter lockdowns will most likely happen which means I couldn’t work for long anyways. Fed up.
Still waiting on a response from NWH, he was gloating how others would be affected by this virus more than him, lol this and lol that. Now assuming he’s not full of the brown stuff, if you do the simple maths on what he claims he earns, I reckon he must be well over the 50k cut off. He who laughs last and all that😉
Does anyone think that this grant could now lead to a stricter lockdown? They've got 95% (so they say) of us by the spuds now. I am considering sitting it out anyway, so it doesn't really bother me.