Self employed 4th grant

[markcoznottz]

Had anyone heard anything yet or received an email from hmrc? For previous grants they emailed to say that you are eligible etc and to apply. There hadn’t been much media coverage for this one

[clockworks]

I didn't qualify for the first 3 grants, but I got a text on the 16th saying I could apply for the 4th grant from April 29th.

[Monkeylegend]

My DiL has just received hers last week, another £12k.

[Mr-B]

Had an email on the 14th and 21st of this month.

[JeffreyD]

Monkeylegend said:

My DiL has just received hers last week, another £12k.

I thought it was capped at 7.5k?

[Monkeylegend]

JeffreyD said:

Monkeylegend said:

My DiL has just received hers last week, another £12k.

I thought it was capped at 7.5k?

Yes, sorry, missed the self employed bit, she owns and runs a Ltd Company.

[renmure]

I received an email about a week ago saying I could apply from 26th (yesterday) which I did and had confirmation today that the money would be in my account within 3 days

[Steve H]

I had notification that I could apply from last Friday.

[Bluesgirl]

I got an email on 16th April, saying that I can claim from 29th.

[Mr Whippy]

I can’t get this one because last year I had one-off income (year’s of estate income that had built up and given in one go) larger than my earnings in a year where my earnings were probably way lower due to Covid.

Bit of a bummer as I got the last ones as they were based on previous years, in which, had that other income been spread out, would have been ok.

[anonymous-user]

Money for nothing and your chicks for free.

Wish I got some of this free money, must be pretty sweet.

[t400ble]

Joey Deacon said:

Money for nothing and your chicks for free.

Wish I got some of this free money, must be pretty sweet.

Nothings free, its all taxable!

[Pieman68]

t400ble said:

Joey Deacon said:

Money for nothing and your chicks for free.

Wish I got some of this free money, must be pretty sweet.

Nothings free, its all taxable!

My wife didn't qualify for the first 3 so went and got a job at the hospital to tide us over. She just got this one but based on the fact that she has worked the last 12 months employed as well as running a reduced business, I would expect a decent chunk of the £1300 she received to go straight back next January

Her taxes are going to go up. So are mine. If she is entitled to it and is going to pay the extra tax in the same way as people who have been funded for the last 12 months, then why shouldn't she claim it? More than likely it will be used to put money back into the economy by employing a local guy to do some work on the house or garden

[markcoznottz]

Just sorted my claim, went through like the last times. Interestingly, I definitely didn’t receive any correspondence this time, no emails at all. I wonder how many people are waiting for the all clear when they are able to go straight to the gov homepage and access.

[Saleen836]

A friend of mine has claimed this 4th grant and is using it to pay the tax he owes from his 20/21 tax return, he gets 20% deducted and always gets a rebate but as he claimed the first 3 grants he now owes the taxman money,will most likely be a lot more in this same position once they do their accounts

[markcoznottz]

Saleen836 said:

A friend of mine has claimed this 4th grant and is using it to pay the tax he owes from his 20/21 tax return, he gets 20% deducted and always gets a rebate but as he claimed the first 3 grants he now owes the taxman money,will most likely be a lot more in this same position once they do their accounts

A lot of difficult issues ahead. Why give money to businesses that can’t pay it back? Or at the very least will find it monumentally hard to.

[Mikebentley]

I got an email directing me to some webinar thing that all the places were taken up on so couldn’t sign up? No follow up giving me a date to claim the 4th SEISS grant yet. I’m looking at my income for this year very carefully so may choose not to claim this one as it may cost me more than it’s worth.

[Steve H]

markcoznottz said:

A lot of difficult issues ahead. Why give money to businesses that can’t pay it back? Or at the very least will find it monumentally hard to.

They don’t have to pay it back, just recognise it as (free) income and you have to pay tax on it just like all the income you actually have to go out and work for.

Mikebentley said:

I got an email directing me to some webinar thing that all the places were taken up on so couldn’t sign up? No follow up giving me a date to claim the 4th SEISS grant yet. I’m looking at my income for this year very carefully so may choose not to claim this one as it may cost me more than it’s worth.

That makes no sense to me. Even if it pushes you into the next tax bracket you only pay the higher rate on profits above the threshold, how could it cost you more than they give you?

[condor]

I got the email on 13/4 with my date to claim from 22/4. I think I actually claimed Monday 26/4, received email to say it had been processed the following day and was in my account this morning

[tight fart]

I received mine and paid it straight back into my hmrc tax account.
I figured they’ll want it back sooner or later.