The Self-Employment Income Support Scheme - Extension

https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme

The scheme has been extended.

If you were eligible for the first grant and can confirm to HMRC that your business has been adversely affected on or after 14 July 2020, you’ll be able to make a claim for a second and final grant from 17 August 2020.

The scheme allows you to claim a second and final taxable grant worth 70% of your average monthly trading profits, paid out in a single instalment covering 3 months’ worth of profits, and capped at £6,570 in total.

As with the first grant HMRC will contact you if you’re eligible.

They will work out your eligibility for the second grant in the same way as the first grant.

You can make a claim for the second grant if you’re eligible, even if you did not make a claim for the first grant.

How the grant works:

If you receive the grant you can continue to work, start a new trade or take on other employment including voluntary work, or duties as a military reservist.

The grant does not need to be repaid but will be subject to Income Tax and self-employed National Insurance.

The Green Home Grant - Tradespeople must register

Builders, plumbers, and other tradespeople across England will need a government-backed seal of approval to provide their services as part of the new £2 billion Green Homes Grant going live at the end of September 2020.

The new scheme will see the government fund up to two-thirds of the cost of home improvements of over 600,000 homes, supporting over 100,000 jobs in green construction.

Tradespeople must register for TrustMark or Microgeneration Certification Scheme (MCS) accreditation to take part in the scheme, which will cover green home improvements ranging from insulation of walls, floors and roofs, to the installation of low-carbon heating, like heat pumps or solar thermal – measures that could help families save up to £600 a year on their energy bills.

The government is setting out further details of the range of measures included and how consumers in England will be able to claim the new vouchers, which are worth up to £5,000 for homeowners.

Households on low income can receive vouchers covering 100% of the cost of the improvements, up to a maximum of £10,000.

https://www.gov.uk/government/news/quality-assurance-at-heart-of-new-2-billion-green-homes-grants

https://www.trustmark.org.uk/

https://mcscertified.com/

Tax on your bitcoin / crypto gains

In the vast majority of cases, individuals hold cryptoassets as a personal investment, usually for capital appreciation in its value or to make particular purchases. They will be liable to pay Capital Gains Tax when they dispose of their cryptoassets.

Work out how much taxable income you have - this is your income minus your Personal Allowance and any other Income Tax reliefs you’re entitled to.

Work out your total taxable gains.

Deduct your tax-free allowance from your total taxable gains.

Add this amount to your taxable income.

If this amount is within the basic Income Tax band you’ll pay 10% on your gains

https://www.gov.uk/government/publications/tax-on-cryptoassets/cryptoassets-for-individuals