Grant advice for newly self employed

[Klajdi kreka]

Hi everyone, I just wanted to get some clarity regarding the new criteria for the self employed grant.

I started self employment in feb 2020, I was employed prior to this on PAYE. I submitted my 2019/20 tax return but of course the majority of money I have earned is through PAYE as I only began self employment in feb and this tax return showed my income only up to april. However I have been trading since then and will do so in the future. Does anyone know if I will be eligible for the grant with the new criteria?

 

[ecommerce84]

Are you on Facebook? There’s a group called ‘ExcludedUK’ which is worth joining if you’ve missed out on grants etc, as many have.

 

[Klajdi kreka]

I will have a look, hopefully they have some information on there for me, thanks

 

[MBE2017]

The latest grant will allow some who were not eligible on the previous grants to claim, but I’m not sure if the details have been released yet.

 

[BustersDogs]

Yes they released the criteria, but we can't apply until April. Unhelpfully they are going to take into account the COVID year for working out average profit.

 

[Mr D]

Yes they released the criteria, but we can't apply until April. Unhelpfully they are going to take into account the COVID year for working out average profit.

Both good and bad.
Some claiming grants have done well for themselves overall.

 

[BustersDogs]

I have just looked more into in (ie I asked my accountant) and it's not the covid year, but the year before, when I was PAYE through my ltd co for 8 months. So looks like I'm going to fail on the 50/50 rule. Good job I'm used to having to take care of myself with no help from anyone anyway. :-/