Self employed

[Col2]

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I'm guessing that, like most IT contractors, you pay yourself a minimal salary, and top up your income by way of dividends.

If that's the case, you would be able to claim 80% of your salary, about £575 per month, but only if you furlough yourself, ie don't work.

The wider issue is the income of your company. Once the question of the self-employed sole trader has been sorted, that is the next area for the Government to deal with.

Thanks. Jeez that’s not great. Dividends go through Paye so I would have thought it would be my total income - salary + dividends. But maybe not then.

[HoboHarry]

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I assume that you are back because there may well be the demise of a football club or two 😉

CWG heading out to the office......Grim reaper.jpg

[Billy Whizz]

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I meant "how can I stay well if I'm back on here?"

Because there’s no football to moan about on here

[CropleyWasGod]

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Thanks. Jeez that’s not great. Dividends go through Paye so I would have thought it would be my total income - salary + dividends. But maybe not then.

Your dividends won't be through PAYE, but your salary will.

Like I say, the question of the sole-director company has still to be resolved. They surprised us last week with the help for the employed, and there may be a similar package for you guys this week.

[BroxburnHibee]

Martin Lewis says something could be announced by end of the week but may be next week but hes absolutely certain something is being sorted.

[Onceinawhile]

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Thanks. Jeez that’s not great. Dividends go through Paye so I would have thought it would be my total income - salary + dividends. But maybe not then.

Dividends are discretionary income dependant on your companies profit, so there can't really be any way for the government to cover it.

[Onceinawhile]

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I will answer some of the questions being raised later but if you are self employed via a LTD company and taking earnings via PAYE and dividend ...yes you should be able to claim 😊

You can't be self employed via a Ltd company though.

If you have a Ltd company you are an employee - usually a director. The Ltd company is a separate entity.

If you're self employed, there's no separate legal entity.

[Northernhibee]

There needs to be a universal income for the next three months or so. I was made redundant last Thursday and it looks like I'm not going to be able to get any Jobseekers Allowance through Universal Credit due to my partner working. She works her socks off herself and it's grim that I'm going to have to mooch off of her for goodness knows.

Managed to get a temp job but it's six hours a week for a month. Not even close to what I need to cover my personal outgoings.

[Fergos]

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There needs to be a universal income for the next three months or so. I was made redundant last Thursday and it looks like I'm not going to be able to get any Jobseekers Allowance through Universal Credit due to my partner working. She works her socks off herself and it's grim that I'm going to have to mooch off of her for goodness knows.

Managed to get a temp job but it's six hours a week for a month. Not even close to what I need to cover my personal outgoings.

Sorry to hear that NH, been there twice myself in recent years.

Not sure if this is your game or if you would be interested but I seen some news on social media about Tesco hiring, think it’s temp but may be an option of more hours and £ for you bud. They will be needing drivers for home deliveries soon too I’d imagine.

All the best

GGTTH

[Billy Whizz]

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There needs to be a universal income for the next three months or so. I was made redundant last Thursday and it looks like I'm not going to be able to get any Jobseekers Allowance through Universal Credit due to my partner working. She works her socks off herself and it's grim that I'm going to have to mooch off of her for goodness knows.

Managed to get a temp job but it's six hours a week for a month. Not even close to what I need to cover my personal outgoings.

Loads of wholesalers like Booker and Batleys looking for staff. Maybe something short term to tide you over

Check their websites

[Global Hibby]

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You can't be self employed via a Ltd company though.

If you have a Ltd company you are an employee - usually a director. The Ltd company is a separate entity.

If you're self employed, there's no separate legal entity.

i agree that’s what I was going to explain...there is confusion what sled employed is and 😊😊👌

[Global Hibby]

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Loads of wholesalers like Booker and Batleys looking for staff. Maybe something short term to tide you over

Check their websites

What was your role ?

[Global Hibby]

If anyone is looking at working with supermarkets be quick......the British Retailers are looking at enabling retailers who are closed to provide their people to supermarkets.

Be quick to take up those roles

[Liam6270]

Is it 80% of what self employed hide or actually tell the taxman?

[green day]

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Is it 80% of what self employed hide or actually tell the taxman?

Think you have just outed yourself as a twat

[Ozyhibby]

From what they were saying on Peston last night it looks like it will be based on last years tax return provided you earn less than £31k. They thought the percentage may be lower than 80% though.


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[B.H.F.C]

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From what they were saying on Peston last night it looks like it will be based on last years tax return provided you earn less than £31k. They thought the percentage may be lower than 80% though.


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Interesting to see what they do for those who’ve only recently went self employed.

[Ozyhibby]

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Interesting to see what they do for those who’ve only recently went self employed.

Maybe nothing. They were saying that the govt have pretty much accepted that some will fall through the cracks.


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[easty]

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Is it 80% of what self employed hide or actually tell the taxman?

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Think you have just outed yourself as a twat

Bit harsh when he was clearly making a joke, especially given that you said yourself, in a previous post in this thread, that folk shaft the tax...

[green day]

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Bit harsh when he was clearly making a joke, especially given that you said yourself, in a previous post in this thread, that folk shaft the tax...

Harsh?

He is making the - incorrect - assumption that "The self employed" cheat the taxman, in my post (which I will repost below) I never said that "folk shaft the tax", I was describing a situation that I predict will happen if the govt didnt support self emp at this crucial time.

What I said was -

Secondly, the govt knows that Self Emp people wont forget if they are shafted - i.e. expected to shell out their future taxes when they were not helped at this time - that situation would simply lead to more tax fraud / black economy / cash jobs than happen at the moment.

For what its worth, 99% of my income is invoiced via bank account or paid on my chip and pin machine. You or he might want to explain how I screw the taxmen there.

Anyone who is employed and is being supported by their employer might want to spend a month or two in our shoes - going from decent to zero income - before posting crap.

[Ozyhibby]

There are 5 million self employed people and I would say they had their fair share of Tory voters. If by the end of today they feel they are not being looked after the same way the rest of the population then the govt could pay a price for this in the future. People remember who was there for them when it was needed most.


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[green day]

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There are 5 million self employed people and I would say they had their fair share of Tory voters. If by the end of today they feel they are not being looked after the same way the rest of the population then the govt could pay a price for this in the future. People remember who was there for them when it was needed most.


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A less emotional and accurate summary of what I was trying to say

..........although not the Tory bit

[Billy Whizz]

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There are 5 million self employed people and I would say they had their fair share of Tory voters. If by the end of today they feel they are not being looked after the same way the rest of the population then the govt could pay a price for this in the future. People remember who was there for them when it was needed most.


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Suggestion doing the rounds, that the self employed maybe evaluated on the dividends they pay themselves
Should all become clearer tonight

[easty]

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Harsh?

He is making the - incorrect - assumption that "The self employed" cheat the taxman, in my post (which I will repost below) I never said that "folk shaft the tax", I was describing a situation that I predict will happen if the govt didnt support self emp at this crucial time.

What I said was -

Secondly, the govt knows that Self Emp people wont forget if they are shafted - i.e. expected to shell out their future taxes when they were not helped at this time - that situation would simply lead to more tax fraud / black economy / cash jobs than happen at the moment.

For what its worth, 99% of my income is invoiced via bank account or paid on my chip and pin machine. You or he might want to explain how I screw the taxmen there.

Anyone who is employed and is being supported by their employer might want to spend a month or two in our shoes - going from decent to zero income - before posting crap.

Aye, harsh.

The bit in bold, that you posted, infers that it happens. Nobody is saying you do it, absolutely nobody. Guy makes a joke and you call him a twat.

Harsh.

I've plenty mates who are struggling self employed just now, some do, some don't do the books right. They're all struggling.

If you think my post is crap...ignore it, or block me, I don't care.

[green day]

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Aye, harsh.

If you think my post is crap...ignore it, or block me, I don't care.

If I think something you (or anyone) says - about a subject that apparently doesnt affect you - then I will let you know.

I dont block people, I think that everyone is entitled to their opinion even if I dont agree with it.

[Ozyhibby]

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Aye, harsh.

The bit in bold, that you posted, infers that it happens. Nobody is saying you do it, absolutely nobody. Guy makes a joke and you call him a twat.

Harsh.

I've plenty mates who are struggling self employed just now, some do, some don't do the books right. They're all struggling.

If you think my post is crap...ignore it, or block me, I don't care.

And a lot of people don’t choose to be self employed but have been forced into that situation by successive governments desire to have a flexible workforce. A lot of self employed people would love to be PAYE but the option is just not there in their industry.
I don’t include myself there. I love being self employed and have only ever been PAYE once since I left school as a part time waiter in the early 90’s. I love the flexibility and I’m wholly unsuited to working for other people for any length of time.


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[easty]

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If I think something you (or anyone) says - about a subject that apparently doesnt affect you - then I will let you know.

I dont block people, I think that everyone is entitled to their opinion even if I dont agree with it.

And if I think you're out of order for calling someone a twat, I'll let you know

[greenlex]

No expert here but a system related to taxes paid would surely be relatively easy to administer for self employed? There might be a few twitchy ***** for the tax abusers if that was to transpire. Undeclared income been used to live off for years and nothing coming in with no help to replace it might focus a few minds on their social responsibilities. I doubt it would last mind.

[easty]

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And a lot of people don’t choose to be self employed but have been forced into that situation by successive governments desire to have a flexible workforce. A lot of self employed people would love to be PAYE but the option is just not there in their industry.



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I'm not sure what this has to do with my post to be honest, but I agree with you. I've never suggested otherwise.

Further, I absolutely think the government has been too slow to act with helping out the self-employed.

[marinello59]

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Suggestion doing the rounds, that the self employed maybe evaluated on the dividends they pay themselves
Should all become clearer tonight

Surely that only applies to those paying themselves through a limited company. Which means they are employed and their PAYE wage is already covered if they put themselves on furlough.