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G Griffin

  • Posts: 40745
Re: Hmrc grant
« Reply #60 on: May 15, 2020, 05:38:02 pm »
Should be receiving my grant in a few days after finishing up with giving them all the requested info recently.   One thing I'm unsure about is that with the grant being for 3 months of missed work what happens if you only stopped working for a fraction of that time?  In my case I only stopped for 4 weeks but presumably it's still okay to take the grant and it'll just get balanced out with tax when the accountant does the books next April?  So they (HMRC)  will presumably see next year that I only missed 1 month of work instead of 3 and then charge me tax on the grant accordingly?
There's nothing to worry about. You have been adversely affected.
Just take the grant but be prepared to pay tax and NI on it. Everyone'll be doing the same.
⭐⭐⭐⭐⭐⭐

Spruce

  • Posts: 8462
Re: Hmrc grant
« Reply #61 on: May 15, 2020, 05:45:14 pm »
You won't be affected with schools being closed if your wife is a key worker as you can send them to school to be looked after, so you can work easily.

Not here. Wife works for the NHS. Son works as a window cleaner. He dropped the grandchildren off on Monday 23rd March at school as this was the arrangement.

He got a call at lunch time to collect the children as they didn't qualify for child care. As son was classed as a none essential worker he was told to stay home and look after his children. There are lots of single NHS parents in the area in the same situation.
He texted the wife a couple of weeks ago. "I'm really tired of looking after your grandkids mom." ;D
 
Success is 1% inspiration, 98% perspiration and 2% attention to detail!

The older I get, the better I was ;)

Spruce

  • Posts: 8462
Re: Hmrc grant
« Reply #62 on: May 15, 2020, 05:51:37 pm »
So as from a previous post people are claiming even if only had say 5-10 jobs you can do because of the virus but still out working earning decent money?

The grant is paid against an average profit over 3 years /12 x 3. Buy a new vehicle and write its value off on Annual Investment Allowance in one of those years means it reduces your average profit and hence reduces the SES payment.
Success is 1% inspiration, 98% perspiration and 2% attention to detail!

The older I get, the better I was ;)

p1w1

  • Posts: 3873
Re: Hmrc grant
« Reply #63 on: May 15, 2020, 06:03:01 pm »
You won't be affected with schools being closed if your wife is a key worker as you can send them to school to be looked after, so you can work easily.
They will have him but they are not really doing their assigned work.
We've had a discussion recently and they have said that they might start doing some teaching; we'll look into that then.
He does need the structure of school though.
We have been the same Griff, but put the kids in for a couple of days this week and in for a couple next week. Its been good for them to mix with other kids their age and see a couple of their friends. Although they don't do assigned work they still keep their minds busy. I have a customer who is in teaching, but for the welfare of kids she said there have been many studies in primary school children who miss school work for long periods of times and none have proven to show any long term effect on them or it effecting their education in anyway.

p1w1

  • Posts: 3873
Re: Hmrc grant
« Reply #64 on: May 15, 2020, 06:07:05 pm »
You won't be affected with schools being closed if your wife is a key worker as you can send them to school to be looked after, so you can work easily.

Not here. Wife works for the NHS. Son works as a window cleaner. He dropped the grandchildren off on Monday 23rd March at school as this was the arrangement.

He got a call at lunch time to collect the children as they didn't qualify for child care. As son was classed as a none essential worker he was told to stay home and look after his children. There are lots of single NHS parents in the area in the same situation.
He texted the wife a couple of weeks ago. "I'm really tired of looking after your grandkids mom." ;D
It's funny because the government states if 1 parent is a keyworker then they are eligible to send them to school to be looked after, so I don't see how the school can have their own set of rules or say who can and can't use them, it does say it should be a last resort as such and only if necessary but where have we heard that word before  ;D.

MrChurchMouse

  • Posts: 69
Re: Hmrc grant
« Reply #65 on: May 15, 2020, 06:26:49 pm »
Should be receiving my grant in a few days after finishing up with giving them all the requested info recently.   One thing I'm unsure about is that with the grant being for 3 months of missed work what happens if you only stopped working for a fraction of that time?  In my case I only stopped for 4 weeks but presumably it's still okay to take the grant and it'll just get balanced out with tax when the accountant does the books next April?  So they (HMRC)  will presumably see next year that I only missed 1 month of work instead of 3 and then charge me tax on the grant accordingly?
There's nothing to worry about. You have been adversely affected.
Just take the grant but be prepared to pay tax and NI on it. Everyone'll be doing the same.

Okay then thanks. 

andyM

  • Posts: 6100
Re: Hmrc grant
« Reply #66 on: May 15, 2020, 06:43:19 pm »
It's funny because the government states if 1 parent is a keyworker then they are eligible to send them to school to be looked after, so I don't see how the school can have their own set of rules or say who can and can't use them, it does say it should be a last resort as such and only if necessary but where have we heard that word before  ;D.

You are right.
My wife is frontline NHS and our son was ok to continue going to School, as the Government had outlined.
Everything was ok until after Easter and the School suddenly changed the rules to only accept Children where both parents are key workers.
This is NOT what the Government have said.
But the Head of School has put the rule in place and we are powerless to go against their decision.
 
   
One of the Plebs

Bungle

  • Posts: 2391
Re: Hmrc grant
« Reply #67 on: May 15, 2020, 06:46:07 pm »
It's funny because the government states if 1 parent is a keyworker then they are eligible to send them to school to be looked after, so I don't see how the school can have their own set of rules or say who can and can't use them, it does say it should be a last resort as such and only if necessary but where have we heard that word before  ;D.

You are right.
My wife is frontline NHS and our son was ok to continue going to School, as the Government had outlined.
Everything was ok until after Easter and the School suddenly changed the rules to only accept Children where both parents are key workers.
This is NOT what the Government have said.
But the Head of School has put the rule in place and we are powerless to go against their decision.
 
 

Tweet Robert Peston. If enough people highlight this then something might get done about it.
We look at them, they look through them.

simon w

  • Posts: 1647
Re: Hmrc grant
« Reply #68 on: May 15, 2020, 06:51:34 pm »
What's the situation if your business hasn't been adversely affected by CV.  Do you still put a claim in anyway?

andyM

  • Posts: 6100
Re: Hmrc grant
« Reply #69 on: May 15, 2020, 06:55:14 pm »
It's funny because the government states if 1 parent is a keyworker then they are eligible to send them to school to be looked after, so I don't see how the school can have their own set of rules or say who can and can't use them, it does say it should be a last resort as such and only if necessary but where have we heard that word before  ;D.

You are right.
My wife is frontline NHS and our son was ok to continue going to School, as the Government had outlined.
Everything was ok until after Easter and the School suddenly changed the rules to only accept Children where both parents are key workers.
This is NOT what the Government have said.
But the Head of School has put the rule in place and we are powerless to go against their decision.
 
 

Tweet Robert Peston. If enough people highlight this then something might get done about it.

It's my Mrs i feel sorry for.
She comes home after a stressful 12 hour night shift and then i have to go out to at least get a few hours of work done to try and keep my one man band business afloat while she stays awake looking after our 6 year old.
It's lunchtime or early afternoon before i can get home so she can get some kip and then she's back in work again at 7pm doing it all over again.
I explained the situation to the Head Teacher but it didn't make any difference.   
 
One of the Plebs

aztec

  • Posts: 793
Re: Hmrc grant
« Reply #70 on: May 15, 2020, 06:59:53 pm »
i got 7.500 my mrs got 7.450 happy days

G Griffin

  • Posts: 40745
Re: Hmrc grant
« Reply #71 on: May 15, 2020, 07:03:41 pm »
You won't be affected with schools being closed if your wife is a key worker as you can send them to school to be looked after, so you can work easily.
They will have him but they are not really doing their assigned work.
We've had a discussion recently and they have said that they might start doing some teaching; we'll look into that then.
He does need the structure of school though.
We have been the same Griff, but put the kids in for a couple of days this week and in for a couple next week. Its been good for them to mix with other kids their age and see a couple of their friends. Although they don't do assigned work they still keep their minds busy. I have a customer who is in teaching, but for the welfare of kids she said there have been many studies in primary school children who miss school work for long periods of times and none have proven to show any long term effect on them or it effecting their education in anyway.
We have been thinking of a couple of days a week and school have been quite encouraging.
He can be a nightmare and they know this. He might be better not doing his schoolwork at school than not doing it at home  :-\.
There's no Xboxes are YouTube there either  ::)roll.
⭐⭐⭐⭐⭐⭐

Spruce

  • Posts: 8462
Re: Hmrc grant
« Reply #72 on: May 15, 2020, 07:15:39 pm »
What's the situation if your business hasn't been adversely affected by CV.  Do you still put a claim in anyway?

You have to 'declare' that your business has been adversely affected by CV. They also state that they reserve the right to reclaim money granted that has been claimed fraudulently, over paid in error, etc.

If your tax return showed an increase in profits this tax year over what they worked out was the average over 3 years, then expect them to query it. The word "adversely" has strong connotations. But the word adversely is also open to interpretation and your interpretation could be very different from the government's interpretation.

In theory your business should be around 25% down on profits this tax year so far. If CV adversely affects your business in the next 3 months then your tax return regarding the business aspect of your return could show up to a 50% shortfall. Its easy for them to work it out as they know how much they paid you on the SES.
Success is 1% inspiration, 98% perspiration and 2% attention to detail!

The older I get, the better I was ;)

simon w

  • Posts: 1647
Re: Hmrc grant
« Reply #73 on: May 15, 2020, 07:38:36 pm »
What's the situation if your business hasn't been adversely affected by CV.  Do you still put a claim in anyway?

You have to 'declare' that your business has been adversely affected by CV. They also state that they reserve the right to reclaim money granted that has been claimed fraudulently, over paid in error, etc.

If your tax return showed an increase in profits this tax year over what they worked out was the average over 3 years, then expect them to query it. The word "adversely" has strong connotations. But the word adversely is also open to interpretation and your interpretation could be very different from the government's interpretation.

In theory your business should be around 25% down on profits this tax year so far. If CV adversely affects your business in the next 3 months then your tax return regarding the business aspect of your return could show up to a 50% shortfall. Its easy for them to work it out as they know how much they paid you on the SES.

So what are the guys on here doing who have had some work postponed but not noticed any loss of earnings due to new work coming in every week and a full to bursting work diary anyway. Are you still putting in a claim? Or not bothering?

deeege

  • Posts: 5008
Re: Hmrc grant
« Reply #74 on: May 15, 2020, 07:50:25 pm »
What's the situation if your business hasn't been adversely affected by CV.  Do you still put a claim in anyway?

You have to 'declare' that your business has been adversely affected by CV. They also state that they reserve the right to reclaim money granted that has been claimed fraudulently, over paid in error, etc.

If your tax return showed an increase in profits this tax year over what they worked out was the average over 3 years, then expect them to query it. The word "adversely" has strong connotations. But the word adversely is also open to interpretation and your interpretation could be very different from the government's interpretation.

In theory your business should be around 25% down on profits this tax year so far. If CV adversely affects your business in the next 3 months then your tax return regarding the business aspect of your return could show up to a 50% shortfall. Its easy for them to work it out as they know how much they paid you on the SES.

I don’t agree with that Spruce. Alls they are asking is that your business has been adversely effected.

Lost a customer? Had some time off self isolating? Had to stay at home whilst the Mrs works because no childcare available? Enquiries dried up compared to last year?

All of the above are examples of being adversely effected due to Covid. It’s possible to have been adversely effected yet still be making more profit than ever. They won’t and can’t throw in down the line that anyone that isn’t down on profits will be required to repay the grant.
"....and it's lend me ten pounds, I'll buy you a drink, and mother wake me early in the morning."

KS Cleaning

  • Posts: 3952
Re: Hmrc grant
« Reply #75 on: May 15, 2020, 09:26:00 pm »
What's the situation if your business hasn't been adversely affected by CV.  Do you still put a claim in anyway?
If your business hasn’t been adversely affected you don’t meet the criteria to qualify for the grant.

KS Cleaning

  • Posts: 3952
Re: Hmrc grant
« Reply #76 on: May 15, 2020, 09:42:35 pm »
What's the situation if your business hasn't been adversely affected by CV.  Do you still put a claim in anyway?

You have to 'declare' that your business has been adversely affected by CV. They also state that they reserve the right to reclaim money granted that has been claimed fraudulently, over paid in error, etc.

If your tax return showed an increase in profits this tax year over what they worked out was the average over 3 years, then expect them to query it. The word "adversely" has strong connotations. But the word adversely is also open to interpretation and your interpretation could be very different from the government's interpretation.

In theory your business should be around 25% down on profits this tax year so far. If CV adversely affects your business in the next 3 months then your tax return regarding the business aspect of your return could show up to a 50% shortfall. Its easy for them to work it out as they know how much they paid you on the SES.
It’s not quite as cut and dried as that Spruce. There are many examples of how your business could have been adversely affected by covid19, without necessarily seeing a big reduction in profit.

Slacky

  • Posts: 8278
Re: Hmrc grant
« Reply #77 on: May 15, 2020, 09:47:46 pm »
Ive put off a 10% price increase because of Corona. Is that adversely affected?

dazmond

  • Posts: 23967
Re: Hmrc grant
« Reply #78 on: May 15, 2020, 09:48:13 pm »
What's the situation if your business hasn't been adversely affected by CV.  Do you still put a claim in anyway?
If your business hasn’t been adversely affected you don’t meet the criteria to qualify for the grant.

Exactly.....its plain wrong.......theres real people financially suffering out there....not the likes of us....
price higher/work harder!

Dave Willis

Re: Hmrc grant
« Reply #79 on: May 15, 2020, 09:59:03 pm »
I might help out Grippatank they are bound to be suffering.  ;)