[Finance] Self employed to receive 80% of income from the Gov’t too

[Garage_Doors]

Done mine today, simple process gave me the figure at the end and stated will be in my account within 6 days.

 

[LamieRobertson]

Done mine today, simple process gave me the figure at the end and stated will be in my account within 6 days.

Wish they could do it on a sliding scale ..only 10% down cant claim and give them 70% back ..nothing in the system allows it

 

[pauli cee]

all done last night, pretty easy, thanks to those on here who helped me through the process

 

[Garage_Doors]

Wish they could do it on a sliding scale ..only 10% down cant claim and give them 70% back ..nothing in the system allows it

What is meant by 10%? the 50k profit limit?

 

[LamieRobertson]

What is meant by 10%? the 50k profit limit?

It’s how much I’ve lost 10/15%...not a catastrophe

 

[LlcoolJ]

Having logged on late last week and getting confirmation that I was due some cash, I didn't see a date anywhere, so logged on last night. Very simple process and a few minutes later got a nice sum of money.
Have to say government doing well in handing out cash.
Furlough staff. Whilst very confusing at first, my payroll software updated in April with easy explanations on how to pay staff. gov.uk has a very easy portal and paid 6 days later.
Council £10K. Very easy and got it within a week.
Small business loan. Thought I'd try for it even though I don't need it. Got £40K within 12 hours from Santander, interest free for one year. Going to park this in another account for emergencies but aim to pay back within one year.
Never had so much money in my bank account.

You could always do a Palace, take all the cash out, wind up your company and start a new one.

 

[LlcoolJ]

It’s how much I’ve lost 10/15%...not a catastrophe

I've seen people whose income has actually gone up during the pandemic get the rates related grant AND the SEISS 80%. So don't feel too guilty.

Also lots who don't qualify at all.......

 

[LamieRobertson]

I've seen people whose income has actually gone up during the pandemic get the rates related grant AND the SEISS 80%. So don't feel too guilty.

Also lots who don't qualify at all.......

Aye it just irks a little and aren’t they going to investigate a random sample of claims...and then turnaround and say well u didn’t lose much...not sure how they will do it though...write to my ex customers or ask the current ones why not spending as much

 

[LlcoolJ]

Aye it just irks a little and aren’t they going to investigate a random sample of claims...and then turnaround and say well u didn’t lose much...not sure how they will do it though...write to my ex customers or ask the current ones why not spending as much

Well joking aside I have also heard of people going for the loans and then intending to down their company. I hope they get screwed.

 

[LlcoolJ]

For anyone who put in a Universal Credit claim and now qualifies for SEISS........

https://www.entitledto.co.uk/blog/2...to-the-self-employment-income-support-scheme/

Clear as mud, but I know there are quite a lot of people in this situation, so try to pick the bones out of it. I doubt the DWP or HMRC will understand it any better.

 

[KZNSeagull]

Mrs KZN made a claim for SEISS on Friday, money received today. Very straight forward.

 

[grubbyhands]

Hurrah! Mine just landed in my bank,pretty easy to do,I can still work if I choose to and I will. Still taxable but a welcome help during 9 weeks of bugger all.

 

[Hu_Camus]

....can I have this in bangers?

 

[jakarta]

Mine has been processed and payment will be with me the end of next week, I can't deny £7.5K will help tide me over but would rather be working!

Much of my work is away from Sussex so hope Hotels and B&B's are released from Lockdown sooner rather than later. Bed is important, Breakfast somewhat less so...

 

[Weststander]

A reward of sorts for sole traders/partnerships who’ve done the honest thing over the years in declaring taxable profits and paying taxes.

Good to see you people banking these payouts.

 

[Billy in Bristol]

Got mine, but suspect that there will be no more. I work in events and these are just no able to happen these days...

 

[LamieRobertson]

Mine has been processed and payment will be with me the end of next week, I can't deny £7.5K will help tide me over but would rather be working!

Much of my work is away from Sussex so hope Hotels and B&B's are released from Lockdown sooner rather than later. Bed is important, Breakfast somewhat less so...

There is always this ...hope it helps

https://www.millets.co.uk/tents-cam...B_1AY2u3Zom0jGlnNARoC2XEQAvD_BwE&gclsrc=aw.ds

 

[jakarta]

There is always this ...hope it helps

https://www.millets.co.uk/tents-cam...B_1AY2u3Zom0jGlnNARoC2XEQAvD_BwE&gclsrc=aw.ds

Have stayed in worse over the years....