tag:blogger.com,1999:blog-7156218446024820676.post4928407590784204729..comments2023-05-17T10:38:12.901+00:00Comments on TaxBuzz for the Tax Advice Network: Will benefits reform help entreprenuers and remove 'onerous regulations and taxes'?Mark Leehttp://www.blogger.com/profile/11524316185528362603noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-7156218446024820676.post-83620254290844371872010-11-27T18:22:29.659+00:002010-11-27T18:22:29.659+00:00Thanks guys for the comments and clarification. I ...Thanks guys for the comments and clarification. I vaguely remember the enterprise allowance. I haven't heard of the 'self-employed credit' and suspect it's not always mentioned to the unemployed. <br /><br />Struggled to find out much about it online but did "track this down eventually:<br /><br />Self-employment credit<br />If you have been unemployed and getting Jobseeker's Allowance for 13 weeks or more, and you set up as self-employed working at least 16 hours a week, you may be able to get a self-employment credit worth £50 a week. You can only get it if you stop claiming Jobseeker's Allowance and expect your work to last at least 5 weeks. Ask at your local Jobcentre Plus office for more details."<br /><br />Many thanks for letting me know about it James.Mark Leehttps://www.blogger.com/profile/11524316185528362603noreply@blogger.comtag:blogger.com,1999:blog-7156218446024820676.post-90558020511654105072010-11-23T12:51:56.100+00:002010-11-23T12:51:56.100+00:00Once you have been registered as unemployed for th...Once you have been registered as unemployed for thirteen weeks you become eligible for the self-employed credit. <br /><br />This means that if you sign off to start your own business you are entitled to received £50 per week for sixteen weeks. This is tax free. <br /><br />All you need is to show that you have an active business bank account during this period. <br /><br />It's not much, but it's all there is at present to help new businesses.James Hellyerhttp://uk.linkedin.com/in/jameshellyernoreply@blogger.comtag:blogger.com,1999:blog-7156218446024820676.post-40613621847414956062010-11-19T06:42:43.456+00:002010-11-19T06:42:43.456+00:00Becky you were talking about some Enterprise Allow...Becky you were talking about some Enterprise Allowance in the early 1980s and you said it just continued for only 6 months. Can you justify that what was the reason that later this Allowance was stopped?Online Tax Advicehttp://www.gardinerhunter.co.uknoreply@blogger.comtag:blogger.com,1999:blog-7156218446024820676.post-38243104600314661082010-11-18T11:59:31.606+00:002010-11-18T11:59:31.606+00:00In the early 1980s there was a benefit called '...In the early 1980s there was a benefit called 'enterprise allowance' or something like that. It was £40 per week, paid to those who could show they were starting their own business. Many successful writers and comedians started out on this allowance. I think it was paid for a maximum of six months.<br />However, isn't Duncan Smith thinking of reintroducing it? See:<br />http://www.touchstoneblog.org.uk/2010/10/a-new-enterprise-allowance/Beckyhttps://www.blogger.com/profile/06825101709070079346noreply@blogger.comtag:blogger.com,1999:blog-7156218446024820676.post-29898912475189368552010-11-17T19:49:16.580+00:002010-11-17T19:49:16.580+00:00Hi Mark,
I couldn't agree more. The benefits...Hi Mark,<br /><br />I couldn't agree more. The benefits system at present is self-contradictory. They have posters up all round the Jobcentre encouraging people to become self-employed, but then they make it almost impossible to actually be self-employed unless you come off benefits. <br /><br />If you do continue to claim Jobseekers Allowance, then as you say, you're not supposed to work more than 16 hours per week which isn't enough to gain any traction.<br /><br />New Deal is even worse. You're supposed to go on a work placement 3 days a week - but not in your own business!<br /><br />So, how is the country to create all these new jobs, when the benefits system actively discriminates against anyone trying to create their own job or be entrepreneurial.Unknownhttps://www.blogger.com/profile/17284046747615261663noreply@blogger.com