Years ago when I was self employed and looking to get a mortgage I spoke to my pal who’s a mortgage advisor. I’d previously been told that self employment was the land of milk and honey and you could write of so much of your expenses from your turnover, thus keeping profit and in turn your tax bill minimal.
Then I spoke to the mortgage advisor who told me if I did that then I could borrow next to nowt as it was based on profit and not turnover. His exact words were, you can’t have it both ways.
If escorts want to declare nowt then in circumstances like we find ourself in now, they get zero support from these furlough type schemes that are based on earnings. Indeed, they too can’t have it both ways.
The smart thing would be to do a tax return and declare circa £1k a month, keeping them under the tax threshold and not paying any. Then when something like this happens they’d get 80% of declared income.