Originally posted by oliverson
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Has anybody here furloughed themselves yet?
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Because his company is still getting income so his work hasn't dried up because of Covid I'd expect. The finer details of how much work it requires to collect the rent is the argument but if his company is still generating income he shouldn't need to go on Covid support. Seems reasonable.'CUK forum personality of 2011 - Winner - Yes really!!!!
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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
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What is the main revenue in the limited company? The rental income or typically you invoicing companies for your services?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
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What 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)?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
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I don't think they would have cared. It's just the fact rent would be income which makes part of his wage.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!!!!
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The £1200 or so I might be able to claim won't make a blind bit of difference to my financial position.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
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No. If the company is paying then its work.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!!!!
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Exactly. Big companies that are furloughing staff have tens or hundreds of millions of pounds in reserve that's earning interest or dividends while their shops are shut. They are still claiming on CJRS.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
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Not sure if this really differentiates between who pays, but doesn't sound like it matters.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
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