Useless you need to add this money for next tax year it's a interest free loan but you still pay tax on it...rubbish...
Correct me if I am wrong
Correct me if I am wrong
HELP IS ON THE WAY.....BBC LIVE
07
BREAKINGSelf-employed help capped at £2,500 per month
Rishi Sunak says self-employed people facing financial difficulties will be able to have 80% of their monthly wages covered by the government.
He says this will be calculated using average monthly profits over last three financial years.
He says support will be capped at £2,500 per month, and will initially last three months.
BREAKINGSelf-employed help capped at £2,500 per month
Rishi Sunak says self-employed people facing financial difficulties will be able to have 80% of their monthly wages covered by the government.
He says this will be calculated using average monthly profits over last three financial years.
He says support will be capped at £2,500 per month, and will initially last three months.
21 - 27 of 27 Posts
You are wrong. It is not a loan. You will be paid 80% of your average monthly self employed earnings, for 3 months.
That will count as income for this year.
So if you made 10k profit on average per year you will get around £160per week for 3 months.
If you made 20k profit per year, you will get £320per week
That will count as income for this year.
So if you made 10k profit on average per year you will get around £160per week for 3 months.
If you made 20k profit per year, you will get £320per week
It should be tax free its doesn't make no sense because you will end up paying them back
Your gonna pay all the money back. How so?It should be tax free its doesn't make no sense because you will end up paying them back
Bigger tax bill next year
No response needed.
Your dumb.
Your dumb.
Very pleased with that, will live off savings 'till June - then payback to savings accounts
21 - 27 of 27 Posts
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