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registered interest false more like this
date less than 2020-12-01more like thismore than 2020-12-01
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury remove filter
hansard heading Directors: Coronavirus more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what steps the Government is taking to support directors of small limited companies who are unable to trade on a financially viable basis during the (a) current national restrictions and (b) tier system of local covid alert level restriction from 2 December 2020. more like this
tabling member constituency Dulwich and West Norwood remove filter
tabling member printed
Helen Hayes more like this
uin 123648 remove filter
answer
answer
is ministerial correction false more like this
date of answer less than 2020-12-07more like thismore than 2020-12-07
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>
answering member constituency Hereford and South Herefordshire more like this
answering member printed Jesse Norman more like this
grouped question UIN 123647 more like this
question first answered
less than 2020-12-07T15:02:04.027Zmore like thismore than 2020-12-07T15:02:04.027Z
answering member
3991
label Biography information for Jesse Norman remove filter
tabling member
4510
label Biography information for Helen Hayes more like this