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registered interest true more like this
date less than 2020-05-05more like thismore than 2020-05-05
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 more like this
hansard heading Coronavirus Job Retention Scheme: Directors remove filter
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, if he will amend the Treasury Direction in relation to the Coronavirus Job Retention Scheme to enable directors who have furloughed themselves to undertake action beyond filing accounts. more like this
tabling member constituency East Kilbride, Strathaven and Lesmahagow more like this
tabling member printed
Dr Lisa Cameron more like this
uin 43678 more like this
answer
answer
is ministerial correction false remove filter
date of answer less than 2020-05-15more like thismore than 2020-05-15
answer text <p>As noted in the Coronavirus Job Retention Scheme guidance, company directors are bound by the Companies Act 2006 to fulfil their statutory duties. The Government aims to ensure that salaried directors can be furloughed and supported through this scheme, while still being able to meet their statutory duties. The guidance is clear that furloughed directors should do no more work than would reasonably be judged necessary to meet their statutory requirements, and that they should not do work of a kind they would carry out in normal circumstances to generate commercial revenue or provide services to or on behalf of their company.</p><p> </p><p>This scheme supplements the other significant support announced for UK businesses, including the Bounce Back Loans Scheme for small businesses, the Coronavirus Business Interruption Loan Scheme, 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>
answering member constituency Hereford and South Herefordshire more like this
answering member printed Jesse Norman more like this
question first answered
less than 2020-05-15T12:19:45.69Zmore like thismore than 2020-05-15T12:19:45.69Z
answering member
3991
label Biography information for Jesse Norman more like this
tabling member
4412
label Biography information for Dr Lisa Cameron remove filter