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<p>Those who pay themselves a salary through their own company may be eligible to
claim for 80% of usual monthly wage costs, up to £2,500 a month, through the Coronavirus
Job Retention Scheme (CJRS). The CJRS is available to employers, including personal
service companies, and individuals paying themselves a salary through a PAYE scheme
are eligible. Where furloughed directors need to carry out particular duties to fulfil
the statutory obligations they owe to their company, they may do so provided they
do no more than would reasonably be judged necessary for that purpose, i.e. they should
not do work of a kind they would carry out in normal circumstances to generate commercial
revenue or provides services to or on behalf of their company.</p><p> </p><p>Income
from dividends is a return on investment in the company, rather than wages, and is
not eligible for support. Under current reporting mechanisms it is not possible for
HM Revenue and Customs to distinguish between dividends derived from an individual’s
own company and dividends from other sources, and between dividends in lieu of employment
income and as returns from other corporate activity. Expanding the scope would require
HMRC to collect and verify new information. This would take longer to deliver and
put at risk the other schemes which the Government is committed to delivering as quickly
as possible.</p><p> </p><p>Those who are not eligible for the Coronavirus Job Retention
Scheme might be able to access the other support Government is providing, including
the Coronavirus Business Interruption Loan Scheme, the Bounce Back Loans Scheme for
small businesses, and the deferral of tax payments. More information about the full
range of business support measures is available at <a href="http://www.businesssupport.gov.uk/coronavirus-business-support/"
target="_blank">www.businesssupport.gov.uk/coronavirus-business-support/</a></p>
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