[GAZZA B]

4th and 5th grants from the government today right up to September !!
Who will be taking it ?

[Granny]

Not for us.
We've had a good Covid unlike some other occupations.
Managed to work through.
Lost a few jobs but overall we've been fine.
Took the first one because no one knew how serious it would be.
Got a replacement van out if it.
Should be able to write down the whole value, keep tax liability pretty much as it was.

[deeege]

5th grant only available for those that have taken a 30%+ hit on turnover.

Good news is that the newly self employed can claim the grants, I know there was a few on here who fell into that bracket, myself included.

Other good news is that the much awaited corporation tax increase only applies to companies that show £50k profit. There won’t be many on here that applies to, Apart from NWH of course.

[jonny thompson]

For the newly self employed like my son, he was effected April- July, can he claim for the first grant period

[deeege]

For the newly self employed like my son, he was effected April- July, can he claim for the first grant period

You’ll have to check the details. It sounded like it was for any newly self employed that filed the 20/21 tax return, grants 4 and 5 could be claimed, grant 5 being only for those with profits hit by 30% or more.

[CleanClear]

For the newly self employed like my son, he was effected April- July, can he claim for the first grant period

No. The window for claims was closed months ago.