If you start working for yourself, you’re classed as a sole trader. This means you’re self-employed – even if you haven’t yet told HM Revenue and Customs (HMRC). Running a business You’re probably self-employed if you: run your business for yourself and take responsibility for its success or failure have several customers at the same…
If you’re a sole trader, you run your own business as an individual and are self-employed. You can keep all your business’s profits after you’ve paid tax on them. You’re personally responsible for any losses your business makes. You must also follow certain rules on running and naming your business. When you need to set up…
If you start working for yourself, you’re classed as a sole trader. This means you’re self-employed – even if you haven’t yet told HM Revenue and Customs (HMRC). Running a business You’re probably self-employed if you: run your business for yourself and take responsibility for its success or failure have several customers at the same…
This scheme is being extended, and you’ll be able to claim a second and final grant in August 2020. We will work out your eligibility the same way as the first grant. If you make a claim for the second grant you will have to confirm your business has been adversely affected on or after 14 July…
The Discretionary Grant Fund supports small and micro businesses that are not eligible for other grant schemes.Published 29 May 2020From:Department for Business, Energy & Industrial StrategyApplies to: England Contents What you get Eligibility How to apply What happens next Small and micro businesses with fixed property costs that are not eligible for the Small Business Grant…
This scheme is being extended. You’ll be able to make a claim for a second and final grant in August 2020. The online service for the second and final grant is not available yet. We will update this guidance to let you know when you can make your claim. If you’re eligible the second and…
Guidance for people who were receiving benefits before the coronavirus (COVID-19) outbreak.Published 8 April 2020 Last updated 22 May 2020 — see all updatesFrom:Department for Work and Pensions and HM Revenue & Customs Contents Universal Credit Other benefits Working Tax Credit and Child Tax Credit Universal Credit You’ll continue to get Universal Credit as normal during the coronavirus (COVID-19)…
Last week, the furlough scheme for employees was extended until Oct. So no surprise the most common question I’ve had this week is whether SEISS will be extended too. While the lump sum payouts are being made now, these cover income for Mar to May, so the period covered ends in just 11 days. Sadly, there is…
If you’re self-employed or member of a partnership find out how your circumstances can affect your eligibility for the scheme.Published 1 May 2020 Last updated 15 May 2020 — see all updatesFrom:HM Revenue & Customs Contents If your tax return is late, amended or under enquiry If you’re a member of a partnership If you’re on or…
So many self-employed people logged on to try to access income support grants today that the government website crashed. More than 110,000 self-employed workers managed to apply for the scheme despite the technical issues, within hours of the Government’s new scheme being launched. HM Revenue & Customs (HMRC) said applications worth more than £340 million…