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No new guidance on this situation that I have come across yet so the requirements would still remain the same for now. There has always been the option of applying using Category G and using the average of the income received in the last two full financial years to meet the financial requirement for those who are self-employed. See from Section 9 on page 60 of the guidance document linked below for details.Gunner786 wrote: ↑Tue May 12, 2020 4:52 amHi my wife's extension is in june next year. Im a self employed taxi driver. Has the home office released any information about how they will see this kind of case where i would have missed the first 3-4 months of the tax year due to covid-19? My annual profit is normally 20-21k but the first few months will be totally 0. Will they count the covid19 situation and wipe off the first few months and average the 18600 for the remainder? Will be lots of other people in same situation as me
Not really as many people embark on other career paths when see/forecast decline there. For instance like in your case you have about 13 months from now and may find a paye job where considerably reduced paper work with simplified calculations than self employment is attached.
