Possible help for directors

Posted on 22 Apr 2015
Share Blog Post
Rishi Sunak mulls support for sole directors The Chancellor is considering plans for a £3bn scheme to help a million small business owners who have been unable to claim furlough or business loans. Those who pay themselves through dividends rather than a salary could be paid up to 80% of lost profits for three months, up to a ceiling of £7,500 under the Directors Income Support Scheme. The Treasury is reportedly examining a plan put forward by the Federation of Small Businesses, the Forgotten Ltd campaign, former Office for Tax Simplification adviser Rebecca Seeley-Harris and the Association of Chartered Certified Accountants. An estimated three million people have been unable to claim business loans and grants or employee furlough payments since last March.

View more blog posts

SME lending increases
Posted on 19 Jun 2024
SME lending increases
read more
More tax awaits us
Posted on 12 Jun 2024
More tax awaits us
read more
High tax Britain
Posted on 05 Jun 2024
High tax Britain
read more
Biggest tax freeze in history
Posted on 29 May 2024
Biggest tax freeze in history
read more
Back To Top
01604 660661