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Self Employed Financial Requirement 2020-21

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Gunner786
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Joined: Mon May 23, 2016 1:26 am
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Self Employed Financial Requirement 2020-21

Post by Gunner786 » Sat Sep 05, 2020 2:08 pm

Got an extension in June 2021.
Is anyone else in the same boat wondering how we will meet the financial requirement and how the home office will treat the loss of income between april 2020-october 2020 due to covid-19?
I have got 2 seiss grants. 1st one £2600 2nd one £2300.
Self wmployed taxi driver wondering how will i and many others approach applications next year using this current tax year...

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seagul
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Joined: Thu Nov 12, 2015 11:23 am
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Re: Self Employed Financial Requirement 2020-21

Post by seagul » Sat Sep 05, 2020 2:34 pm

If you’re self-employed, a loss of annual income due to coronavirus between 1 March 2020 and 31 August 2020 will generally be disregarded, along with the impact on employment income from the same period for future applications
https://www.gov.uk/guidance/coronavirus ... -residents
The opinion expressed as above is neither a professional advice nor contesting/competing to other member's opinion/advice.

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