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85 Posts
Self employed to be offered 80% of income.
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2,543 Posts
What if you've been self-employed for less than 3 years?
I guess they shall take into account your previous employment as well, if you had one.
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4,571 Posts
This happens ..bet drivers at ph office doing cash only.
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3,298 Posts
All those tax dodgers who lied on their returns are going to be crying.
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4,571 Posts
Same.
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3,298 Posts
I think we have to wait to see how it works when it's announced, I have a "drawdown pension" where I can take 25% tax free out each tax year, this is classed as income so my last 3 tax returns average £60-£70k
I would imagine any payments would be based on your net income, it would be silly to base them on gross and then tax you on it.
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4,571 Posts
Wait till it's in your bank account.
Just have to be patient.
😧
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3,301 Posts
The one doing only cash are on benefit.
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1,334 Posts
They have nothing to worry about
Their rent is paid
Summary of what I can share
Eligibility still being decided upon
Gov liaising with FS sector for wholesale channels for obtaining current proof of sole trader income fall off.
as it stands not all s/e meet provision (some s/e actually earning more than they did)
Expected 80% of net monthly income (averaged over the last three years) average still applies for periods under 3 years
Previous employment within 3 years obviously not considered
could be requirement to prove business has ceased trading temporarily
Eligibility still being decided upon
Gov liaising with FS sector for wholesale channels for obtaining current proof of sole trader income fall off.
as it stands not all s/e meet provision (some s/e actually earning more than they did)
Expected 80% of net monthly income (averaged over the last three years) average still applies for periods under 3 years
Previous employment within 3 years obviously not considered
could be requirement to prove business has ceased trading temporarily
Joined
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4,571 Posts
Why is everyone building people’s hopes up.
Wait until it’s in your bank account .
End of.
Wait until it’s in your bank account .
End of.
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309 Posts
Lovely !! All tax cheaters are scratching their head...including me...I made thousands but paid hundreds !! Still I got stash ..
If the Government are going to help ,it's not going to be any time soon
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