Just wondering if someone could explain this too me in layman's terms If you’re self-employed, a loss of annual income due to coronavirus between 1 March 2020 and 31 October 2021 will usually be disregarded, along with the impact on employment income from the same period for future applications. The concessions have not been extended beyond 31 October 2021. Any income loss after this date will not be taken into account within the financial concessions listed above and applicants will be expected to meet minimum income and adequate maintenance requirements as per pre-pandemic levels.
Not sure which bit you are unsure of but, as I would understand it - If you are providing 'proof of income' for a period after 31 October 2021, you must meet the full requirements of FR.
I guess I'm wondering what they mean by disregarded, if you don't reach the financial requirements are they saying its OK?
That's how I would understand it - maybe someone else on here, in a similar position, will be able to confirm or clarify. Just a thought - did you get any financial support through the government's scheme during the pandemic (I can't remember what they called it, but like furlough payments for self employed people). I'm guessing, if you did, it would be wise to declare these payments if received during the period of the FR covered by the relevant Visa application.
Yep I was sure what they were going to disregard, thought was it my favour or not, yep any payments from the government will be included but I'm sure I'm still down on the £18,600 needed
That's what I 'think' - for once, they are being generous and disregarding the failure to meet the FR during that period.
Are you planning to use your last set of accounts to support your application - the 12months to April 2021 ? If you are how far short are you of meeting the requirement? Would submitting your previous years (to April 2020 or April 2019) accounts indicate that you would normally be able to meet the requirement?
From what I remember the previous accounts are outstanding still as well, I believe she put a nil return in but I will be getting them back any day also and hopefully they will show enough has been made
What I am thinking is, if: Accounts to April 2019 Show Income >= 18600 Accounts to April 2020 Show Income >= 18600 Accounts to April 2021 Show Income < 18600 Probably be your interest to get your application in before you get into April 2022 territory.
