Originally posted by oliverson
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Has anybody here furloughed themselves yet?
Collapse
X
Collapse
-
'CUK forum personality of 2011 - Winner - Yes really!!!! -
Yeah if the LTD has money coming in I'd say it's not needed - especially if that money is coming in from being a landlord! Unless you can establish that the landlord themselves isn't involved in doing any work for the money (hmm, may have a point there )⭐️ Gold Star ContractorComment
-
Originally posted by simes View PostTo clear this up, and having spoken with an HMRC agent, he says I am not entitled.
The rent was the binder.
I don’t think having income coming in excludes you from the CJRS as this would then mean that most companies are excluded as they still have some income coming in.Last edited by jamed; 22 April 2020, 16:43.Comment
-
Originally posted by simes View PostTo clear this up, and having spoken with an HMRC agent, he says I am not entitled.
The rent was the binder.Comment
-
Originally posted by Scoooby View PostWhat was their comments regarding the warchest? If you didn't have the rental income but still had a significant warchest, would that have been deemed acceptable (in their opinion)?'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
-
Originally posted by ladymuck View PostSo you'd rather take nothing than £500 and consider yourself better off?
Then there is the moral question and also the legality, ICan I still buy training courses etc.Comment
-
Originally posted by coolhandluke View PostThe £1200 or so I might be able to claim won't make a blind bit of difference to my financial position.
Then there is the moral question and also the legality, ICan I still buy training courses etc.
If you do it out of your own pocket then it isn't of course.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
-
Originally posted by jamed View PostWhat is the main revenue in the limited company? The rental income or typically you invoicing companies for your services?
I don’t think having income coming in excludes you from the CJRS as this would then mean that most companies are excluded as they still have some income coming in.
The HMRC bod is probably a low-paid trainee they had to draft in.Comment
-
Originally posted by northernladuk View PostNo. If the company is paying then its work.
If you do it out of your own pocket then it isn't of course.
"If your employee undertakes training
Furloughed employees can engage in training, as long as in undertaking the training the employee does not provide services to, or generate revenue for, or on behalf of their organisation or a linked or associated organisation. Furloughed employees should be encouraged to undertake training."Comment
-
Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment