Self Employed

[Juan Quidonqui]

I dont agree that someone who has earned £150,000 for the past 3 years will get £2500 per month and yet someone who has earned £51,000 for the same period will get nothing.

They won't though will they, they'll both get £2,500, is how I read it. Or do you mean someone who has earned £51k over 3 years?

It seems as though it's £50k max. average per year over 3 years. 
However, for someone who has only submitted a first year return in 2018/19 and shows profits of over £50k there will be nothing. 

As I see it.

To clarify my post, someone earning £150k per year PAYE will get £2500 per month for 3 months, where as a self employed person earning £51,000 per year for the last 3 years will get nothing.

Or at least that is the way I am reading it, have I misunderstood?

https://www.gov.uk/guidance/claim-a-gran...ort-scheme

Your self-employed trading profits must also be less than £50,000 and more than half of your income come from self-employment. This is determined by at least one of the following conditions being true:

• having trading profits/partnership trading profits in 2018-19 of less than £50,000 and these profits constitute more than half of your total taxable income
  
  
• having average trading profits in 2016-17, 2017-18, and 2018-19 of less than £50,000 and these profits constitute more than half of your average taxable income in the same period
  

Yes there seems to be a strange logic that if your average annual self employed profits are just a penny over £50k you don’t deserve to get anything at all (presumably as it’s assumed you’ll have some savings to fall back on).
Yet an employee will still get £2,500 per month irrespective of whether he’s earning well over £50k pa. 

I can’t see why they couldn’t just cap the grant for the self employed at £2,500 per month like the employees, if you average over £50k in self employed profits.