Firstly I apologise if this has been covered elsewhere but was struggling to find.
Situation: I am a director and employee of a ltd company (outside IR35) and have recently lost my only contract due to covid. I am considering applying for the furlough scheme on my salary but had some concerns:
1. I understand searching for a new contract is not allowed. How is this defined? Is the onus on me to prove i did not look for a new contract (for me usually through recruitment agents)? Surely the sooner i would have a new contract the quicker i could stop claiming.
2. IR35 status. I am concerned that claiming furlough would compromise my IR35 status (outside) or be a red flag for investigation?
3. I understand that claims for furlough could be retrospective. So if a new contract had not surfaced in say 2 months i could claim retrospectively? However this leads me back to point 1 about not searching for new contract.
Needless to say i'm a bit puzzled on what to do. Anyone in the same position or have any advise.. it would be greatly appreciated?
Again sorry if this has already been discussed
Situation: I am a director and employee of a ltd company (outside IR35) and have recently lost my only contract due to covid. I am considering applying for the furlough scheme on my salary but had some concerns:
1. I understand searching for a new contract is not allowed. How is this defined? Is the onus on me to prove i did not look for a new contract (for me usually through recruitment agents)? Surely the sooner i would have a new contract the quicker i could stop claiming.
2. IR35 status. I am concerned that claiming furlough would compromise my IR35 status (outside) or be a red flag for investigation?
3. I understand that claims for furlough could be retrospective. So if a new contract had not surfaced in say 2 months i could claim retrospectively? However this leads me back to point 1 about not searching for new contract.
Needless to say i'm a bit puzzled on what to do. Anyone in the same position or have any advise.. it would be greatly appreciated?
Again sorry if this has already been discussed
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