Help! Need some advice and answers please being self employed and not eligible for grant?

badz00

Hi, I suspect your consumed with lots and lots of messages and questions so il try and keep this short and pray you’ll reply. 🤞🏻🙏....

I was employed for previous 10+ years but as of June 7th 2019 (last year) I became self employed. 

Now I understand because this gives me 10 months or so of being self employed I am not eligible for the self employed grant is this correct? Is there anything you know the government are doing to help people like me as it does seem very unfair? I’m currently filing my first tax return for April 5/6 and it’s all in order.

Also aside from this, would I just be left with universal credit to claim for or are there any other schemes or benefits?

I’m married , with 1 child, my wife is on SMP and mortgage and bills to sort....

A message back with some info would be sooooo much appreciated.

Love your work!

Thanks,

Harry.

Hermann

Here is the current guidance on who would be eligible for the self employment scheme, it doesn't sound like you are eligible.

Who can apply

You can apply if you’re a self-employed individual or a member of a partnership and you:

• have submitted your Income Tax Self Assessment tax return for the tax year 2018-19
• traded in the tax year 2019-20
• are trading when you apply, or would be except for COVID-19
• intend to continue to trade in the tax year 2020-21
• have lost trading/partnership trading profits due to COVID-19

Your self-employed trading profits must also be less than £50,000 and more than half of your income come from self-employment. This is determined by at least one of the following conditions being true:

• having trading profits/partnership trading profits in 2018-19 of less than £50,000 and these profits constitute more than half of your total taxable income
• having average trading profits in 2016-17, 2017-18, and 2018-19 of less than £50,000 and these profits constitute more than half of your average taxable income in the same period

If you started trading between 2016-19, HMRC will only use those years for which you filed a Self-Assessment tax return.

Other than that probably Universal Credit so long as you are not already getting Tax Credits.
Check an online calculator such as https://www.entitledto.co.uk/  to see what you could be entitled to.