Read on Twitter
We’ll be answering your questions about the #coronavirus support schemes announced by the Chancellor @rishisunak between 3-4pm today.
Want to know more about small business loans, job retention or our support for charities, just reply to this tweet with your question.
Want to know more about small business loans, job retention or our support for charities, just reply to this tweet with your question.
Hi Becca. Owner/managers paying themselves through PAYE are able to be furloughed. Dividend income isn’t counted on the scheme because it would include those taking dividends from others sources. We used tax returns as we needed the system up and running as quick as possible. https://twitter.com/beccahollinshe1/status/1248185342848651265
Hi Eloise. The furlough scheme is designed to keep people attached to their companies and to be paid through payroll, so I’m afraid we can’t pay it to those who have been made redundant. As you say employers can take people back on but that is a decision for them. https://twitter.com/elocoope/status/1248183938545319942
Hi Michelle. Yes – if you were paid through PAYE you can be furloughed. And the system recognises that people may have variable pay and there is guidance on how to calculate what is owed https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme https://twitter.com/Michell14947217/status/1248183383588470786
Hi Adele. If you’re furloughed you can continue to perform your statutory obligations as a Director but not beyond that – the guidance is here: https://www.gov.uk/guidance/check-if-you-could-be-covered-by-the-coronavirus-job-retention-scheme#guidance-for-specific-customers https://twitter.com/adelecarlsen/status/1248175519335677952
