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Excluded - final throw of the dice
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You could at least copy/paste some of it for those of us who aren't subscribers (the google method isn't working, I wonder if they've done something to fix that?)Comment
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Yeah what is the point of posting stuff behind a paywall, with no comment or small snippet to give context?First Law of Contracting: Only the strong surviveComment
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Originally posted by The FTUK entrepreneurs who have missed out on coronavirus financial support packages because they are directors of limited companies have mounted a last-ditch attempt to persuade the chancellor to help them ahead of Wednesday’s spending review.
A consortium of professional bodies has urged Rishi Sunak to consider proposals for a “directors income support scheme” that would mirror the self-employment income support scheme (SEISS) under which sole traders can claim up to £2,500 per month.
This has excluded directors of limited companies who pay themselves via dividends, even though this is the standard accounting structure used by around 2m small UK limited companies, ranging from those with sole owner directors to micro businesses, which collectively employ 7.5m people.
It's being put forward by the FSB, ACCA, the Forgotten Limited campaign group with support from tax specialist Seeley Harris."Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.Comment
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That’s odd I don’t subscribe but can read article
302 Moved
Sent from my iPhone using Contractor UK ForumComment
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Some search engines will provide you with access if you don’t subscribe, bing for example.
I hope and expect he will ignore them.Comment
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"Under the proposals, directors who are a “person of significant control” would be able to claim 80 per cent of average trading profits before their dividends were taken — figures that can be evidenced via HMRC records, and verified by an accountant. Capped at £2,500 per month, the taxable grants would be paid into the company, not to individuals, which the FSB said would minimise the risk of fraud. Property and investment companies would not be eligible."
Like that going to happen
In a fair world Govt support would be provided in form of "student" like debt to be re-paid by the beneficiary, thus dumping down demand for support to those who otherwise might not need it and avoiding having to tax those who not getting support in the first place.
But this is not a fair world.Last edited by AtW; 24 November 2020, 10:43.Comment
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Originally posted by jamesbrown View PostSome search engines will provide you with access if you don’t subscribe, bing for example.
I hope and expect he will ignore them.
Sent from my iPhone using Contractor UK ForumComment
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Originally posted by AtW View Post"Under the proposals, directors who are a “person of significant control” would be able to claim 80 per cent of average trading profits before their dividends were taken — figures that can be evidenced via HMRC records, and verified by an accountant. Capped at £2,500 per month, the taxable grants would be paid into the company, not to individuals, which the FSB said would minimise the risk of fraud. Property and investment companies would not be eligible."
Like that going to happen
In a fair world Govt support would be provided in form of "student" like debt to be re-paid by the beneficiary, thus dumping down demand for support to those who otherwise might not need it and avoiding having to tax those who not getting support in the first place.
But this is not a fair world.Comment
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