Self employed electrician with no work due to covid19 what are my options

[km12electrical]

Self employed electrician with no work due to corona virus. I’m a 1 man business carrying out work for private households mainly but due to cancellations I find myself with no work for foreseeable future.
What are my options.
Can I contact HMRC and say I’m no longer self employed and then apply for benefits and then when things pick up again contact HMRC and restart business

 

[SparkyChick]

First stop perhaps....

COViD-19 / Coronavirus Community Help Forum

Questions and electrical advice in the COViD-19 / Coronavirus Community Help Forum - I thought it would be handy for us to share advice related to this. We might need it.. Some popular forums: Electrical Forum - Electrical Wiring, Theories and Regulations - Periodic Inspection Reporting...

www.electriciansforums.net

 

[davesparks]

I doubt that they will look kindly on someone ceasing to be self employed and then immediately claiming benefits.
I think you would realistically need to start a PAYE job before ceasing self employment.

 

[ruston]

You should be entitled to carers allowance and other related help.
phone the CAB for information if you can get through.

Sorry this was the reply to the thread about crohn's disease. I do not know hoe it posted here.

 

[Gavin John Hyde]

Might be worth holding out for the end of week as they are supposedly announcing some help

 

[Mike Johnson]

If I remember correctly you can't apply for any benefit until you have been unemployed for six weeks, do we think the lock down will last that long? it may not if we keep to the suggested self isolation, but will be prolonged if we don't.

 

[JK-Electrical]

Self employed electrician with no work due to corona virus. I’m a 1 man business carrying out work for private households mainly but due to cancellations I find myself with no work for foreseeable future.
What are my options.
Can I contact HMRC and say I’m no longer self employed and then apply for benefits and then when things pick up again contact HMRC and restart business

If you're no longer self-employed, your should notify HMRC:

Stop being self-employed - https://www.gov.uk/stop-being-self-employed

If you decide to remain self-employed and now consider yourself to be temporarily unemployed, you'll need to claim Universal Credit:

Universal Credit if you're self-employed - https://www.moneyadviceservice.org.uk/en/articles/universal-credit-for-the-self-employed

Don't forget to cancel all your insurance policies if you decide to stop being self-employed!

I would echo Gavin's advice and postpone any decision until the end of the week.

 

[jackhammerJIM]

80 % relief is in the pipeline . Needs to be confirmed by the government . Im in the same boat as you , the big sites im working on have closed .

 

[stevethesparks]

Just read this
"Those who invest their profits in their business, or set themselves up as a limited company and pay themselves via a dividend, will also be ineligible."

 

[SparkyChick]

Just read this
"Those who invest their profits in their business, or set themselves up as a limited company and pay themselves via a dividend, will also be ineligible."

From the official government website....

"Those who pay themselves a salary and dividends through their own company are not covered by the scheme but will be covered for their salary by the Coronavirus Job Retention Scheme if they are operating PAYE schemes. "