Self employed

[Thief]

“More than half your total income comes from self employment”

Anyone with knowledge of these things know why he included this clause?


Sent from my iPhone using Tapatalk

[Keyser Sauzee]

This quote is hidden because you are ignoring this member. Show Quote

In the normal course of things, yes.

But these are not normal times.

Thanks CWG, here’s hoping they are lenient with me. Otherwise it’s Universal Credit for me.

[McD]

This quote is hidden because you are ignoring this member. Show Quote

“More than half your total income comes from self employment”

Anyone with knowledge of these things know why he included this clause?


Sent from my iPhone using Tapatalk

From an utterly unknowledgeable place, is it maybe to address people who have an employee job, and also work for themselves in a second job?

such as a lorry driver who does a 4on 4off shift, and on his off days is a self employed landscaper?

[stoneyburn hibs]

The cap is actually higher than PAYE.

[Ozyhibby]

Would income from property count in self employed income?


Sent from my iPhone using Tapatalk

[Billy Whizz]

This quote is hidden because you are ignoring this member. Show Quote

Would income from property count in self employed income?


Sent from my iPhone using Tapatalk

How do you pay it, through a limited Company?

[CropleyWasGod]

This quote is hidden because you are ignoring this member. Show Quote

Would income from property count in self employed income?


Sent from my iPhone using Tapatalk

I'd doubt it.

[patch1875]

So I’m a limited company with just me as sole director.

This is relevant to me?

[Ozyhibby]

This quote is hidden because you are ignoring this member. Show Quote

I'd doubt it.

Bugger. I suspected so but I was hopeful.


Sent from my iPhone using Tapatalk

[Ozyhibby]

This quote is hidden because you are ignoring this member. Show Quote

How do you pay it, through a limited Company?

Sole trader.


Sent from my iPhone using Tapatalk

[CropleyWasGod]

This quote is hidden because you are ignoring this member. Show Quote

So I’m a limited company with just me as sole director.

This is relevant to me?

No, it's specifically excluded.

Hopefully, your situation will be addressed next.

[Billy Whizz]

This quote is hidden because you are ignoring this member. Show Quote

Sole trader.


Sent from my iPhone using Tapatalk

I’m not CWG, so I presume you’re entitlement will be based on your dividend payments

[Global Hibby]

This quote is hidden because you are ignoring this member. Show Quote

So I’m a limited company with just me as sole director.

This is relevant to me?

Sorry to say that Directors can’t furlough based on the current announcements.

[patch1875]

This quote is hidden because you are ignoring this member. Show Quote

Sorry to say that Directors can’t furlough based on the current announcements.

Yeah pretty much shafted must be plenty people in the same set up.

[patch1875]

This quote is hidden because you are ignoring this member. Show Quote

No. But if you are drawing a wage you can furlough yourself.

Can you though? Doesn’t seem very clear.

[marinello59]

This quote is hidden because you are ignoring this member. Show Quote

Can you though? Doesn’t seem very clear.

I’d deleted that comment while I tried to check. I would assume you could as effectively you are an employee of the company if you are on the pay roll.

[CropleyWasGod]

This quote is hidden because you are ignoring this member. Show Quote

I’d deleted that comment while I tried to check. I would assume you could as effectively you are an employee of the company if you are on the pay roll.

I don't see why you can't.

As you say, you're an employee. If you aren't actually working, then it's justifiable to furlough yourself and claim the 80%.

[marinello59]

This quote is hidden because you are ignoring this member. Show Quote

Can you though? Doesn’t seem very clear.

I’d deleted that comment while I tried to check. I would assume you could as effectively you are an employee of the company if you are on the pay roll.

[CropleyWasGod]

This quote is hidden because you are ignoring this member. Show Quote

Yeah pretty much shafted must be plenty people in the same set up.

My hope is that you guys will be next in the queue.

That said, if sorting out the s/e was complicated, you will be even more so.


A wee aside for the s/e. There was a heavy hint today that, if and when we get back to normal, there will be major changes to tax legislation that will not be good news.

[BroxburnHibee]

This quote is hidden because you are ignoring this member. Show Quote

My hope is that you guys will be next in the queue.

That said, if sorting out the s/e was complicated, you will be even more so.


A wee aside for the s/e. There was a heavy hint today that, if and when we get back to normal, there will be major changes to tax legislation that will not be good news.

Not in the least surprised.

Whatever help we get will need to be paid back in some form.

[KeithTheHibby]

Help.

I’m a director of my own company.
I pay myself a salary as per my accountant.
This is pretty much a basic wage however I actually withdraw from my bank each month considerably more.
When final accounts are done each year and my tax computation is worked out my earnings statement is topped up with dividends.
I was convinced I fell into the self employed bracket but that doesn’t appear to be the case?

[CropleyWasGod]

This quote is hidden because you are ignoring this member. Show Quote

Help.

I’m a director of my own company.
I pay myself a salary as per my accountant.
This is pretty much a basic wage however I actually withdraw from my bank each month considerably more.
When final accounts are done each year and my tax computation is worked out my earnings statement is topped up with dividends.
I was convinced I fell into the self employed bracket but that doesn’t appear to be the case?

See above

Your situation has yet to be clarified. Hopefully, you will be next.

[Global Hibby]

In today announcement it was stated that directors can not be furloughed as directors have responsibilities to run the company even in like these. There is of course not an issue for that director to seek another job and continue as a director. The news sucks and I am told it’s highly doubtful to be changed....I hope that changes.

[KeithTheHibby]

This quote is hidden because you are ignoring this member. Show Quote

See above

Your situation has yet to be clarified. Hopefully, you will be next.

Cheers CWG, appreciated.


Sent from my iPhone using Tapatalk

[green day]

This quote is hidden because you are ignoring this member. Show Quote

Would income from property count in self employed income?


Sent from my iPhone using Tapatalk

It definitely doesnt if you mean renting out a flat...............It does if you run your own property development company.

[CropleyWasGod]

This quote is hidden because you are ignoring this member. Show Quote

It definitely doesnt if you mean renting out a flat...............It does if you run your own property development company.

A property development company isn't self employment either.

[WoreTheGreen]

Does anyone know the 80% is based on net or gross wage

[danhibees1875]

This quote is hidden because you are ignoring this member. Show Quote

Does anyone know the 80% is based on net or gross wage

My understanding is that it's gross as you'll then be taxed on it from there - given you're being taxed on a smaller number you'll then end up with slightly more than 80% of your regular net pay.

[WoreTheGreen]

This quote is hidden because you are ignoring this member. Show Quote

My understanding is that it's gross as you'll then be taxed on it from there - given you're being taxed on a smaller number you'll then end up with slightly more than 80% of your regular net pay.

Thanks for your reply

[Moulin Yarns]

Any idea what happens for people on zero hours contract? Please.