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Author Topic: Help for (some of) the self-employed announcement at last - UK  (Read 25977 times)

Lushblossom

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Re: Help for (some of) the self-employed announcement at last - UK
« Reply #105 on: 14 May 2020, 03:22:59 pm »
I didn't do the form for the client.I have left that up to him.Will be pleased when Fri midday has passed and the matter is in hand. I was trying to help the client so I could keep securing two hourly bookings on a monthly basis for now. However it sounds like he has mistakenly applied through a bogus email Monday of this week. I have suggested he sees his accountant. Have given up helping him got my own stress!

amy

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Re: Help for (some of) the self-employed announcement at last - UK
« Reply #106 on: 14 May 2020, 07:46:48 pm »
thanks all for the info so far

Just a question about the Bounce Back loan if anybody could advise?

Would an 'escort' as profession get knocked back for the loan ? HMRC i am down as a massage therapist

but would this mean the loan application was fraudulent if I stated massage therapist? ???

You're not applying to HMRC, you're applying for a bank loan so it's entirely up to the lender you choose.

If you already have a business bank account with them it'll probably be slightly easier, but think about what you'll put if they ask you about the nature of your business; to be fair, they're unlikely to think that a massage therapist would be unaffected by the distancing rules.

It's worth pointing out (without wanting to wander off too much) that this is an extremely cheap loan, so even if you can manage without the money it's likely worth trying for if you're paying off more more expensive debts on other loans or credit cards. Provided you're a sole trader and not a limited company (which ought to be most people here, since prostitution is not an acceptable activity to register with Companies House), you are the business therefore the money is yours to do as you wish with, including reducing existing debts to free up more of your income when you get some :).

Guava

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Re: Help for (some of) the self-employed announcement at last - UK
« Reply #107 on: 14 May 2020, 08:53:43 pm »
You're not applying to HMRC, you're applying for a bank loan so it's entirely up to the lender you choose.

If you already have a business bank account with them it'll probably be slightly easier, but think about what you'll put if they ask you about the nature of your business; to be fair, they're unlikely to think that a massage therapist would be unaffected by the distancing rules.


So if you pay your earnings into a personal account, not a business one, are you not eligible to apply?  I cannot get beyond the first page of the online application form.

I have had my self-employment grant confirmed and Universal Credit came through after 5 weeks, so at least I have something to live off for a short while. 
 ::)

amy

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Re: Help for (some of) the self-employed announcement at last - UK
« Reply #108 on: 14 May 2020, 09:12:33 pm »
So if you pay your earnings into a personal account, not a business one, are you not eligible to apply?  I cannot get beyond the first page of the online application form.

It depends on the lender but while some will have you open a business account (even if it's just a 'loan feeder' account for you to make repayments into and nothing else) to apply, others are fine if you operate through a personal account - a huge proportion of very small businesses do. It just means you'll need to provide more information (which they would already have if you had a business account) because it's a business.loan, not a personal one. There is plenty of information about this and a table with details of the different lenders' policies on both the siye linked above and also on MSE :)

Did you pick a bank where you already have an account? If not, I think HSBC is the current go to for the ones taking applications from new customers.
« Last Edit: 14 May 2020, 09:14:56 pm by amy »

Guava

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Re: Help for (some of) the self-employed announcement at last - UK
« Reply #109 on: 14 May 2020, 09:18:12 pm »
Yes Amy, I was applying with the bank I’ve been with all my life.

On further investigation it appears they are not accepting applications from new customers and if you only have a personal account, you’ll need to apply for a business account first, at a rate of £7pm after the first 18 months free.  Plus charges to pay in and take out cash.

It was only to clear off my credit cards (at the higher interest rate) but may not be worth the bother. I’ll take a look at the one you suggested. Thank you!

Aussie Male Escort

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Re: Help for (some of) the self-employed announcement at last - UK
« Reply #110 on: 19 May 2020, 12:25:06 am »
My grant just came through  :) I applied on 13th got it at 1 minute to midnight so 6 days exactly

lillybliss

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Re: Help for (some of) the self-employed announcement at last - UK
« Reply #111 on: 19 May 2020, 09:03:23 am »
Good for you Aussie, now go and spend it very unwisely hey, well that's what I will do when mine arrives  ;D ;D.

ana30

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Re: Help for (some of) the self-employed announcement at last - UK
« Reply #112 on: 19 May 2020, 10:00:44 am »
My grant just came through  :) I applied on 13th got it at 1 minute to midnight so 6 days exactly

I applied on the 15th and haven;t got it yet :-(
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Mirror

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Re: Help for (some of) the self-employed announcement at last - UK
« Reply #113 on: 19 May 2020, 10:15:13 am »
I applied on the 15th and haven;t got it yet :-(

Mine arrived last night too,no email which was advised.

ana30

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Re: Help for (some of) the self-employed announcement at last - UK
« Reply #114 on: 19 May 2020, 10:36:22 am »
Mine arrived last night too,no email which was advised.

You mean... you didn't get a confirmation email that the grant had arrived? Just asking because I was told when I finished filling the grant that I would get a confirmation email from HMRC that the money is in the bank but haven;t gotten it yet. However... haven;t looked at my bank account for the last three days...
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Vintage Miss

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Re: Help for (some of) the self-employed announcement at last - UK
« Reply #115 on: 19 May 2020, 10:58:34 am »
Mine arrived last night too,no email which was advised.

Same it just arrived, 6 working days as said but no email.

Mirror

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Re: Help for (some of) the self-employed announcement at last - UK
« Reply #116 on: 19 May 2020, 11:23:53 am »
You mean... you didn't get a confirmation email that the grant had arrived? Just asking because I was told when I finished filling the grant that I would get a confirmation email from HMRC that the money is in the bank but haven;t gotten it yet. However... haven;t looked at my bank account for the last three days...

Like you when I completed the application, information on the screen told me I would receive an email when the payment is made which should be in 6 days. I applied on 13th the money arrived yesterday no email.

I have never received any emails or letters about any of the SE grant scheme, did receive the standard April letter telling me to submit usual tax return by January 31st 2021.

« Last Edit: 19 May 2020, 11:46:38 am by Mirror »

Lushblossom

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Re: Help for (some of) the self-employed announcement at last - UK
« Reply #117 on: 19 May 2020, 11:38:07 am »
I check my bank account online first thing every morning have been doing for around 20 years to check no fraud has been committed.

I applied Fri 15th May at midday.  6 working days is Mon 25th May.  So I anticipating its arrival then.

Pleased for those who were allowed to apply sooner.


Mirror

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Re: Help for (some of) the self-employed announcement at last - UK
« Reply #118 on: 19 May 2020, 11:47:25 am »
I check my bank account online first thing every morning have been doing for around 20 years to check no fraud has been committed.

I applied Fri 15th May at midday.  6 working days is Mon 25th May.  So I anticipating its arrival then.

Pleased for those who were allowed to apply sooner.

Got to me in 5 actual days - 13th I applied so hopefully will be with you in a couple more days.

amy

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Re: Help for (some of) the self-employed announcement at last - UK
« Reply #119 on: 19 May 2020, 06:26:21 pm »
I have mine too! There's pretty much bog all left after setting the rent and bill money aside for the next couple of months and doing a big online grocery shop, but it's here :D

I got the email saying they were 'processing my claim' about half an hour ago, so probably about twelve hours after it was paid in :D.