Clean It Up
UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: Jay Le Huray on May 15, 2020, 05:33:49 pm
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I keep getting emails from HMRC ref putting in a claim , at first I was not going to bother but as they keep pestering me I may as well claim.
So for those that have already claimed my question is, is the claim means tested as I have a lot in my savings account?
I'm also on a state pension, do the ask you if you have savings?
I only went back to work 2 weeks ago and was self isolated for 6 weeks and I was living off my savings.
Thanks in advance
Jay
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No, its not means tested. They work the amount out depending on your previous three years self-employed tax submissions.
They work it out and thats what you get regardless of any other financial circumstances you may have.
You're entitled to it, you've lost money because of the virus.
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I keep getting emails from HMRC ref putting in a claim , at first I was not going to bother but as they keep pestering me I may as well claim.
So for those that have already claimed my question is, is the claim means tested as I have a lot in my savings account?
I'm also on a state pension, do the ask you if you have savings?
I only went back to work 2 weeks ago and was self isolated for 6 weeks and I was living off my savings.
Thanks in advance
Jay
Your savings won't come into it, I don't think.
The only problem is that if your pension(s) make up more than 50% of your income. I think that's what happened to combat.
I'd guess you'd be ok to claim, Jay.
You should, mate.
Ps. do the eligibility test to check.
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thanx guys I might do it tomorrow
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thanx guys I might do it tomorrow
Don’t “might” get it done you have been affected, 6 weeks off is a loss in income. Regardless of if you claim or not I imagine we will all be paying it back sooner rather than later
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thanx guys I might do it tomorrow
Your pension doesn't come into the calculation.
The calculation is done on your business turnover, less expenses, AIA claims and capital gains claims over the tax years 2016/7, 2017/8 and 2018/9. The average of those years is calculated, /12 x 3.
They have those figures from your tax returns so you don't need to worry about getting them.
They will just ask you to declare that your business has been adversely affected by CV. They also advise that they reserve the right to act on fraudulent claims.
If you declare that your business has been adversely affected and your turnover/profits show an increase in the 2020/21 tax year over their average then I'm sure they will ask questions. The only income I have had since the 23rd March has been a couple of outstanding debts paid so I expect so far for my turnover to be down by 25% over last year. Today was my first day back so I don't know what the next 3 months brings.
If my turnover is 50% of the equivalent period last year does this mean my business is still being adversely affected by CV? My interpretation of adversely probably isn't the same as the governments interpretation of it.
In 2017/8 I got a pension lump sum. To offset that I purchased a 'new' van. So I didn't pay any income tax that year. However the claim for the van has reduced my profit (turnover less expenses claims) average and hence reduced my payment on the scheme.
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I think combat was ineligible because his profits were less than 50% of his income.
He received the state pension and a small private pension as well as working.
He said he was over the state aid limit but I'm not sure that was right.
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I think combat was ineligible because his profits were less than 50% of his income.
He received the state pension and a small private pension as well as working.
He said he was over the state aid limit but I'm not sure that was right.
I honestly thought they would consider one's pension. but they didn't with mine. If they rejected Combats claim then there must be a cutoff point. Someone of here states they got £7000 and the wife also got £7000 so something doesn't add up.
His profits and the purchase of a van and expect other equipment could have tipped the scales. Claiming my van against tax cost me £702 on this payout. But I'm sure my tax bill would have been higher on my pension lump sum had I not done that. I'm not complaining.
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Griff is correct, to be eligible for the grant your self employed income must be your main source of income, so if your pension outweighs what you earn from self employment you don’t qualify.
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I think combat was ineligible because his profits were less than 50% of his income.
He received the state pension and a small private pension as well as working.
He said he was over the state aid limit but I'm not sure that was right.
I honestly thought they would consider one's pension. but they didn't with mine. If they rejected Combats claim then there must be a cutoff point. Someone of here states they got £7000 and the wife also got £7000 so something doesn't add up.
His profits and the purchase of a van and expect other equipment could have tipped the scales. Claiming my van against tax cost me £702 on this payout. But I'm sure my tax bill would have been higher on my pension lump sum had I not done that. I'm not complaining.
It'd be like if you had a part time job in which you earned more than from self employment; you wouldn't get it.
I think they'll have considered your pension and seen that it was less than 50% of your income.
I'm just speculating that this happened to combat though.
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just done it, took 2 minutes and I got awarded £2000 happy days
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Sponger ;D ;D ;D
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Sponger ;D ;D ;D
LOL
for the first time in my life, I have never claimed or been on the social since leaving school 52 years ago
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You deserve it for being stuck in for all them weeks mate ;)
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You deserve it for being stuck in for all them weeks mate ;)
cheers buddy
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just done it, took 2 minutes and I got awarded £2000 happy days
it wont cover 5 weeks of lost earnings(unless you only earn £400 a week) but its better than nothing.......
best wishes mate...... :)
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just done it, took 2 minutes and I got awarded £2000 happy days
it wont cover 5 weeks of lost earnings(unless you only earn £400 a week) but its better than nothing.......
best wishes mate...... :)
no you are right it won't cover the losses but hey better than nothing
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just done it, took 2 minutes and I got awarded £2000 happy days
it wont cover 5 weeks of lost earnings(unless you only earn £400 a week) but its better than nothing.......
best wishes mate...... :)
no you are right it won't cover the losses but hey better than nothing
A small price to pay for your wife being ok though, Jay :).
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just done it, took 2 minutes and I got awarded £2000 happy days
it wont cover 5 weeks of lost earnings(unless you only earn £400 a week) but its better than nothing.......
best wishes mate...... :)
no you are right it won't cover the losses but hey better than nothing
A small price to pay for your wife being ok though, Jay :).
very true griff
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thanx guys I might do it tomorrow
Don’t “might” get it done you have been affected, 6 weeks off is a loss in income. Regardless of if you claim or not I imagine we will all be paying it back sooner rather than later
I'm glad I didnt claim it as it needs to be paid back.
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I'm glad I didnt claim it as it needs to be paid back.
Its a grant. You don't pay grants back, only the tax and N.I. due on them. You need to give your head a wobble.
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;D ;D ;D ;D
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We’re all doomed from this point on so take the money and run ;D
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I still don't think we'll get the grant :-\.
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I still don't think we'll get the grant :-\.
Don’t say that Griff , everybody has already spent it !
Rishi said he would get the economy moving again ;D ;D
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I still don't think we'll get the grant :-\.
What makes you draw that conclusion?
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I still don't think we'll get the grant :-\.
What makes you draw that conclusion?
Just a joke. Slash made a joke about having to pay it back so I joined in.
We had weeks of people doubting we'd get it and worried about paying it back and I was joking about that.
Mine's gone through anyway, I think.
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Brinks are delivering mine . In a Transit apparently.
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I've claimed my grant, but my son has only lost 2 hundred pounds ish over the last 2 months, should he make a claim?
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I've claimmed my grant, but my son has only lost 2 hundred pounds ish over the last 2 months, should he make a claim?
If I only had lost £200 then I personally would feel immoral taking thousands!
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I've claimmed my grant, but my son has only lost 2 hundred pounds ish over the last 2 months, should he make a claim?
If I only had lost £200 then I personally would feel immoral taking thousands!
But if you look on the flip side , just because he might not take the grant his taxes will still go up as they will for all of us when this is over , take it and use it to cover the tax hike
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He may have only lost £200.00 so far, but how much will that be by the end of the year.
Unemployment rose by 70% today.
The latest ONS data shows that the claimant count climbed by 856,500 to 2.1m between March and April.
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Unemployed only rose 70 percent because of the people who cant work because of the virus biggest percentage of those will eventually return back to work meaning they wont be on UNEMPLOYMENT
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Those figures don't include those on furlough, I don't think.
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Its who ever is having to claim the benefit s like self employed hair dressers and plumbers and joiners ect
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I've claimmed my grant, but my son has only lost 2 hundred pounds ish over the last 2 months, should he make a claim?
If I only had lost £200 then I personally would feel immoral taking thousands!
His losses of £200 are only over a 2 month period so presumably there will be more losses in the upcoming months.
How could you possibly know he would be claiming thousands? The amount he can claim is calculated on his declared profits.
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You’re all on benefits! :o
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Yes we are. lol never thought of it like that. The last time that happened for me I was claiming the dole, for three weeks, back in 1984.
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You’re all on benefits! :o
Power has only one duty- to secure the social welfare of the people.