The answer is No
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So can i furlough myself?
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Originally posted by Robinho View PostUnlike most of you tax-dodging scum i actually pay myself a decent salary every year, normally in big chunks.
Originally posted by Robinho View PostLast tax year i paid myself £30+k.
in April i paid myself £20+k.
Now i have no work and want myself a nice juicy cash injection from the scummy taxman.
But according to the scummy taxman...
And as a director all of my pay is discretionary. So am i s**t out of luck here?---
Former member of IPSE.
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Many a mickle makes a muckle.
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Pretty unintelligible post.
Sure, you can furlough yourself and claim under the CJRS on any PAYE component of your income (80%, up to 2.5k per month). If you're not operating a monthly RTI, it becomes trickier - you need to have made an RTI submission by 19 March 2020, IIRC - is that what you're banging on about in an unintelligible way?Comment
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What was unintelligible about it?
The point is i have no contractual obligation to pay myself. Therefore presumably i cannot benefit? Or is there some exception for directors?Last edited by Robinho; 31 May 2020, 11:29.Comment
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Originally posted by Robinho View PostAs of Friday i am benched for the first time in 3 years.
Unlike most of you tax-dodging scum i actually pay myself a decent salary every year, normally in big chunks.
Last tax year i paid myself £30+k.
in April i paid myself £20+k.
Now i have no work and want myself a nice juicy cash injection from the scummy taxman.
But according to the scummy taxman...
And as a director all of my pay is discretionary. So am i s**t out of luck here?
Sent from my iPhone using Contractor UK ForumComment
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Originally posted by Robinho View PostWhat was unintelligible about it?
The point is i have no contractual obligation to pay myself. Therefore presumably i cannot benefit? Or is there some exception for directors?
If you have an annual payroll (not monthly), you may fall through the cracks. There's plenty of info on gov't websites:
Check if you can claim for your employees' wages through the Coronavirus Job Retention Scheme - GOV.UK
Regarding annual payroll:
Directors, annual salary payments and the CJRS | ICASComment
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Originally posted by Robinho View PostIn which case yes it is technically not a salary
So as suspected i am s**t outta luck
Sent from my iPhone using Contractor UK ForumComment
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Originally posted by Robinho View PostUnlike most of you tax-dodging scum ...Down with racism. Long live miscegenation!Comment
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