Government packages

[northernladuk]

If she is genuinely doing no work at all yet your intention is to keep her on the payroll, then there is an argument that the help should be available to you.

The second you ask her to do some work, you lose the benefit. So do be very, very certain that there is absolutely nothing for her to do.

Of course there isn't. There never has been

[GhostofTarbera]

Will be from 1st April next week.

The company has actually lost a contract due to Coronavirus, can't go into details currently, but this is a genuine loss of business due to the virus

Claim a grand if you have ipse insurance cover for this


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[yorkshirespud]

How much do you pay yourself a month?

16.K PAYE for me, 12K for the missus. Rest is taken in dividends, 80% me. 20% her


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[yorkshirespud]

Claim a grand if you have ipse insurance cover for this


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It wasn’t a new contact, it was an existing one terminated due to the virus [emoji850]


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[yorkshirespud]

Of course there isn't. There never has been

Thankfully NL, I did indeed speak to my accountant...


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[cojak]

So if ltd and no premises or newly Limited in the last year you’re fooked


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Yep.

[MPwannadecentincome]

"To be eligible for the subsidy, when on furlough, an employee can not undertake work for or on behalf of the organisation. This includes providing services or generating revenue. While on furlough, the employee’s wage will be subject to usual income tax and other deductions."

That is clear for an employee, if a Director is keeping a company going I wonder what "providing services" really means... let's hope IPSE provide some clarity.

I got this from IPSE on a public post on LI:

derek cribb out of network 3rd+
Interim Chief Executive Officer at IPSE - the Association of Independent Professionals and the Self-Employed
1h
Hi <name deleted>. We had it confirmed in our discussions that continuing with the statutory responsibilities of a Director will not count against being furloughed as an employee. If your not working, then you can be furloughed and claim the assistance.

But the caveats in this article may still apply?

Coronavirus Job Retention Scheme: what limited company contractors need to know

If so, most PSCs do not have an employee contract, so to create a contract now might be considered fraud?

[northernladuk]

Obviously. Most PSCs pay under the National Minimum Wage so by doing so you'll also have been breaking the law paying under NMW as well as fraud.

But I'm sure some eejit will come asking how to do it.

[MPwannadecentincome]

Obviously. Most PSCs pay under the National Minimum Wage so by doing so you'll also have been breaking the law paying under NMW as well as fraud.

But I'm sure some eejit will come asking how to do it.

I know one PSC that pays minimum wage :-)

[TestMangler]

Obviously. Most PSCs pay under the National Minimum Wage so by doing so you'll also have been breaking the law paying under NMW as well as fraud.

But I'm sure some eejit will come asking how to do it.

How long before we get a thread titled 'How do I create a backdated employment contract' ?