For those who are self-employed...

[sketchy]

What if the grants have made up
The profit you lost ? So when including the grants already received your the same ?

Is it not just looking at Feb, march and April and if that is down can apply?

 

[stretch]

Obvs this next payment will go on the following years tax return as it’s start of new financial year in April

 

[Ghandi Floss]

I’ve had an email telling me I’m not eligible for this one. Not sure why. I’ve had the last three.

 

[SAFCOldie]

I’ve had an email telling me I’m not eligible for this one. Not sure why. I’ve had the last three.

Is the email defiinetly legit?

 

[Ghandi Floss]

Is the email defiinetly legit?

Yes.

 

[SAFCOldie]

Yes.

A bit odd, I've had all the HMRC letters throughout but can't justify getting involved. Maybes give them a ring,, albeit a time consuming endeavour.

 

[I am a reindeer]

22nd for me

I didn't earn any income at all during February and half of March, so I'm good to apply.

 

[TradingPlaces]

Do HMRC have the capability to investigate everyone whose profits are up and claimed the grants?

they’re all working from home making tic-toc videos remember

HMRC have recently recruited 1000 new tax inspectors, if your profits show increase from the previous tax they will be on too you. I've took the 3 other grants but I'm not claiming this one, too much of a risk of getting investigated.

 

[Fletch]

HMRC have recently recruited 1000 new tax inspectors, if your profits show increase from the previous tax they will be on too you. I've took the 3 other grants but I'm not claiming this one, too much of a risk of getting investigated.

Flip side is this grant will show on Next year accounts

 

[stretch]

HMRC have recently recruited 1000 new tax inspectors, if your profits show increase from the previous tax they will be on too you. I've took the 3 other grants but I'm not claiming this one, too much of a risk of getting investigated.

You sure about that?

 

[Fletch]

You sure about that?

They def recruited more as was announced on budget , but doubt 1000

 

[stretch]

All sat in there houses making Tik-Tok videos

 

[Tuono]

Every grant issue has had different rules, with the first grant you just had to have had an extra cost to make you eligible for the grant, so just having to buy face masks qualified you. This latest grant asks you to keep records of a "significant reduction" in profit from Feb to April.

 

[pixie345]

28th for me

 

[tynerider3]

You sure about that?

Of course. You are receiving it in the tax year 21/22. I have already submitted and paid my tax for 20/21.

 

[Wilfy]

All sat in there houses making Tik-Tok videos

Sure they’ve made space at the ministry for a new fraud team.

 

[Fletch]

Sure they’ve made space at the ministry for a new fraud team.

According to the budget speech they have but that could be 10 or 200 people , nobody knows

 

[Wilfy]

According to the budget speech they have but that could be 10 or 200 people , nobody knows

Some people who work there will have an idea. Going to come down hard on people.

 

[robbied1]

Glad I'm no longer self employed, sounds like a right carry on.

 

[the dark one]

What if the grants have made up
The profit you lost ? So when including the grants already received your the same ?

Grants shouldn't be taken into consideration mate. It's your operating turnover and/or profit they will look at.