answer text |
<p>The Government has acknowledged that it has not been possible to support everyone
as they might want. The practical issues that prevented the Government from being
able to include directors of limited companies in the Self-Employment Income Support
Scheme (SEISS), namely the inability of HM Revenue and Customs to verify the source
of their dividend income without introducing unacceptable levels of fraud risk, still
remain. This issue prevents implementing an alternative scheme specifically for limited
company directors.</p><p> </p><p>Company directors who pay themselves a salary through
PAYE are able to apply for CJRS support, subject to meeting the eligibility criteria
of the scheme. Directors may also be eligible for other elements of the wider package
of financial support available, including the Local Restrictions Support Grants, Government-backed
loan schemes, tax deferrals, mortgage holidays, self-isolation support payments and
increased levels of Universal Credit to reflect lower earnings.</p>
|
|