answer text |
<p>Those who pay themselves a salary through their own company may be eligible to
claim for 80% of usual monthly wages, 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.</p><p> </p><p>The Government’s priority has been to support as many
people as it possibly can, and as quickly as possible. 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 and any such proposal
would need to be considered against 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 may be able to access 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><p>
</p>
|
|