Corona self-employed support - claim from 15th May

[JMI]

I feel for you. This Gov is a disgrace. To treat the public with such utter contempt by using out of date "pumped up" data to scare the shit out of people without even an impact assessment on the collateral damage to justify another lockdown again is unforgivable. And the media for not reporting balanced views from other experts and holding the Gov to account is just as disgraceful..

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[diablo]

Third SEISS grant is available from today but has different conditions attached, most importantly:

Before you make a claim, you must decide if the impact on your business will cause a significant reduction in your trading profits for the tax year you report them in.

https://www.gov.uk/guidance/claim-a...ovid-19-self-employment-income-support-scheme

 

[Adam H]

Third SEISS grant is available from today but has different conditions attached, most importantly:

Before you make a claim, you must decide if the impact on your business will cause a significant reduction in your trading profits for the tax year you report them in.

https://www.gov.uk/guidance/claim-a...ovid-19-self-employment-income-support-scheme

From what I understand the new wording means if you've got say 10 clients currently paused, and havent paid an invoice for 10 months because they are in a profession which has not been able to trade understandably, i.e beauty salons, events, hospitality Therefore being a reduction in profits. BUT you've made changes to your revenue streams, taken on new clients, diverisfied and therefore your yearly trading profits will be similar or better than previous years, then you shouldnt be claiming this 3rd grant.

 

[3gmedia]

Out of curiosity, does anybody know anybody severely affected by catching COVID-19?

Yes I know quite a few, some have died and others have been in comas and others have recovered and some with long covid symptoms.

The most recent person to die from covid is my mother in law and she passed on the 21st of November and had a slow drawn out death over 4 days, literally slowly suffocating to death.

 

[diablo]

From what I understand the new wording means if you've got say 10 clients currently paused, and havent paid an invoice for 10 months because they are in a profession which has not been able to trade understandably, i.e beauty salons, events, hospitality Therefore being a reduction in profits. BUT you've made changes to your revenue streams, taken on new clients, diverisfied and therefore your yearly trading profits will be similar or better than previous years, then you shouldnt be claiming this 3rd grant.

This is for the period November 1st to January 29th 2021, and is based only on that period, not your annual trading performance:

To make a claim for the third grant your business must have had a new or continuing impact from coronavirus between 1 November 2020 and 29 January 2021, which you reasonably believe will have a significant reduction in your profits.

The key phrase is "significant reduction". For many, today is too early to say whether covid will significantly reduce profits since we are only a month into this three month period.

Significant isn't defined, but they do give examples in the link given earlier.

You must make your claim on or before 29 January 2021.

 

[diablo]

Yes I know quite a few, some have died and others have been in comas and others have recovered and some with long covid symptoms.

The most recent person to die from covid is my mother in law and she passed on the 21st of November and had a slow drawn out death over 4 days, literally slowly suffocating to death.

Really sorry to hear that.

 

[Murray]

Significant isn't defined, but they do give examples in the link given earlier.

They want and need people spending the economy is doing terribly: the chances of them ever questioning the need for a claim are all but zero

 

[JMI]

They want and need people spending the economy is doing terribly: the chances of them ever questioning the need for a claim are all but zero

So you don't have to pay it back then, even if you have other incomes?

 

[dee]

Out of curiosity, does anybody know anybody severely affected by catching COVID-19?

I had it. I got away very lightly on the grand scheme of things and didnt get tested at the time just rode it out but it's not something i'd want to go through again. Legs buckling... couldnt walk... chest is still not right.

 

[Murray]

So you don't have to pay it back then, even if you have other incomes?

To make a claim for the third grant your business must have had a new or continuing impact from coronavirus between 1 November 2020 and 29 January 2021, which you reasonably believe will have a significant reduction in your profits.

The grant does not need to be repaid if you’re eligible, but will be subject to Income Tax and self-employed National Insurance and must be reported on your 2020 to 2021 Self Assessment tax return.

It's phrased "you reasonably believe will have" so if you believe it will then claim and as long as you're eligible it doesn't need to be repaid

 

[diablo]

They want and need people spending the economy is doing terribly: the chances of them ever questioning the need for a claim are all but zero

Don't think that is the case: if they simply wanted people to claim to spend they wouldn't have changed the rules.

 

[dee]

Yes I know quite a few, some have died and others have been in comas and others have recovered and some with long covid symptoms.

The most recent person to die from covid is my mother in law and she passed on the 21st of November and had a slow drawn out death over 4 days, literally slowly suffocating to death.

God, thats awful. Sorry to hear. That's the thing about this.... it's a bit of a lottery. Some get it and breeze through it, some die horribly. I don't understand why the 'this is a made up conspiricy' monger can't see that it's not about the individual. It's about who they give it too and how they may not be so lucky.

 

[topcat]

Out of curiosity, does anybody know anybody severely affected by catching COVID-19?

My sister's a GP, caught it in March, and has been off work since due to fatigue and heart palpitations. Has been awful.

 

[ian]

Good friend of ours works the critical care ward and said it has been the worse experience of her life; the cases horrific. She spent a period of time away from her young children to reduce the risk of them getting it. Another friend who suffers from severe asthma was hospitalized on contracting it, spent a week very ill, and has been admitted to hospital several times since because of ongoing aggravation as a result. Unfortunately though the 'flat earthers' will continue to claim it isn't serious, or is a conspiracy; I just consider them victims of stupidity.

 

[Murray]

Don't think that is the case: if they simply wanted people to claim to spend they wouldn't have changed the rules.

People could have been adversely effected by the lockdown in November that may not be in December, but there's no 1 month option just 3 months

They don't have the man power to go through millions of claims to ask for evidence to see if a dog walker had been actively seeking new clients and prove they were or weren't

It's helicopter money and they need people to take it and spend it

 

[diablo]

People could have been adversely effected by the lockdown in November that may not be in December, but there's no 1 month option just 3 months

They don't have the man power to go through millions of claims to ask for evidence to see if a dog walker had been actively seeking new clients and prove they were or weren't

It's helicopter money and they need people to take it and spend it

That's your opinion. The same argument could be made for submitting fraudulent tax returns.

I would recommend anyone in doubt should speak to their accountant. Accountancy firms are flagging this and wouldn't do so if it wasn't of relevance to their clients.

For those without an accountant., MSE have a good guide here:

https://www.moneysavingexpert.com/n...ut-confused-about-whether-i-can-claim-my-bus/

 

[rob]

Unfortunately though the 'flat earthers' will continue to claim it isn't serious, or is a conspiracy; I just consider them victims of stupidity.

Or victims of algos, if you consume enough of a certain topic peoples social media feeds will become one self assuring loop of batshit nonsense - See those who "Brees Media" that Yeadon chap etc are worth following...!

Off topic, but it will be interesting to see what the people who have made mini careers/fame out of the pandemic will pivot too afterwards - and it probably explains the anti-vax stuff from them, as where is the interest to them of it ending?