[Dave Willis]

Wonder if the taxman will notice if I treble my income for the last year?

[Shrek]

8pm tonight- applause for the nhs out your Windows

https://www.google.co.uk/amp/s/news.sky.com/story/amp/coronavirus-public-urged-to-clap-for-our-carers-and-applaud-nhs-workers-tonight-11964074

[AuRavelling79]

At 8 o'clock this evening - immediately after clapping the NHS from your front door - tune in to Question Time and watch the wonderfully well-aging Fiona Bruce host a program answering questions about the self employed.

[mac74]

The way i took it, was that if u earned say a profit of  £1k a month, on average from over the last 3 tax years, less the 20%, u would get £800 a month???

[deeege]

Wonder if the taxman will notice if I treble my income for the last year?

As long as you can treble it and keep it under the £50k limit, you’ll be fine. 😂

[G Griffin]

Everyone in the working sector will be paying back the handouts to both employed and self employed for years to come, we will all be paying higher taxes.

I agree. 100% .
And the threshold will be creeping down.

[G Griffin]

The way i seen it was that if u earned, say an average profit of  £1k a month, averaged over the last 3 tax years, less 20%, u would get £800 a month???

Yes, but in one payment of £2400.

[Ooooooog]

Government are making it up as they go along.

DO NOT TRUST THEM.

Umm, well, they would be, wouldn't they; these events are unprecedented.

But of course you'd do a better job wouldn't you.

Honestly, would you say they are proactive or reactive? Think about it.

DO NOT TRUST THEM.

[KS Cleaning]

Still waiting on a response from NWH, he was gloating how others would be affected by this virus more than him, lol this and lol that. Now assuming he’s not full of the brown stuff, if you do the simple maths on what he claims he earns, I reckon he must be well over the 50k cut off. He who laughs last and all that😉

[G Griffin]

At 8 o'clock this evening - immediately after clapping the NHS from your front door - tune in to Question Time and watch the wonderfully well-aging Fiona Bruce host a program answering questions about the self employed.

Ta, Malc; she's lovely and ageing very well.

 

[KS Cleaning]

Everyone in the working sector will be paying back the handouts to both employed and self employed for years to come, we will all be paying higher taxes.

I agree. 100% .
And the threshold will be creeping down.

I reckon it will be more like the Scottish system, at the moment we pay 19/20/21% through a stepped threshold system and 40/41% higher rate.

[G Griffin]

Does anyone think that this grant could now lead to a stricter lockdown?
They've got 95% (so they say) of us by the spuds now. I am considering sitting it out anyway, so it doesn't really bother me.

[P @ F]

But surely that’s only for the self employed who can’t work because of Coronavirus because as it stands we are allowed to go out and work if we follow the safe distance rules etc so if no one is working cleaning it’s because they have chose not to or because they have the virus?

Correct me if I'm wrong I was partially listening to it (the missus decided to clean up as I was trying to listen 🙄) but didnt he say you could work AND claim it's to make up any profit shortfall effectively?

Maybe I'm imagining things 😂

I heard that too !
Perhaps it’s a trick , if they can trace even a single payment online then they can feck you off ?

[Clean Cloth]

No, that was not said. I was just hoping 2019/20 would count, otherwise I have 1 qualifying year and that year (2018/19) was not as good as 2019/20. So if I am eligible for the grant it will be a low amount.

Rishi did say you needed a tax return for 2019 and that if you still haven't completed your return, you've a month to get it in.  I infer from that that 2020 won't count.

Correct the 2019 tax return is for April 18- April 19. The tax year due to finish in a few weeks will not count.

That was my first full year of trading so earnings were still low but I hope it still makes me eligible for the grant, anything is better than nothing as I lost 30% of my work this week (which I did not have last year), camp site work.

[Missing Link]

That was my first full year of trading so earnings were still low but I hope it still makes me eligible for the grant, anything is better than nothing as I lost 30% of my work this week, camp site work.

Yes, it will.  People with only one tax return were specifically mentioned.  That will be the one your 80% will be based on.

[Missing Link]

Does anyone think that this grant could now lead to a stricter lockdown?

No.  The Chief Medical Officer spoke about the travel to work thing.  That was taken into consideration with the current modelling the government is using to flatten the curve.

And he says - it will be a close run thing - but that the curve should flatten in the way they predict using the current situation we have now.

As long as people behave and follow the current guidelines.

[Soupy]

Government are making it up as they go along.

DO NOT TRUST THEM.

Do you want them to make it up in the past? But yeah, never trust them.

[P @ F]

Oh well, I’ve been SE for 10 months, so looks like all I’m entitled to is universal credit ffs, people will say “carry on working” but my round is small and I have quite a few old customers who don’t pay online, I have some that I need to go through the house, I still have some messers and the other ones most likely just won’t want me cleaning the windows at this moment, plus it’s only likely to become worse so stricter lockdowns will most likely happen which means I couldn’t work for long anyways. Fed up.

I did think about you when he mentioned the 12 months, James.
Bad news, mate.

So did I, it’s a shat show in that respect !

[Missing Link]

Still waiting on a response from NWH, he was gloating how others would be affected by this virus more than him, lol this and lol that. Now assuming he’s not full of the brown stuff, if you do the simple maths on what he claims he earns, I reckon he must be well over the 50k cut off. He who laughs last and all that😉

Thank him for his taxes.

 

[KS Cleaning]

Does anyone think that this grant could now lead to a stricter lockdown?
They've got 95% (so they say) of us by the spuds now. I am considering sitting it out anyway, so it doesn't really bother me.

I do think that’s a distinct possibility. I am working on a day to day basis, but fully expect a stricter lockdown in the coming days / weeks.