So can i furlough myself?

[Robinho]

The answer is No

[wattaj]

Unlike most of you tax-dodging scum i actually pay myself a decent salary every year, normally in big chunks.

**** off.

Last tax year i paid myself £30+k.

in April i paid myself £20+k.

Now i have no work and want myself a nice juicy cash injection from the scummy taxman.

But according to the scummy taxman...

And as a director all of my pay is discretionary. So am i s**t out of luck here?

See above.

[jamesbrown]

Pretty unintelligible post.

Sure, you can furlough yourself and claim under the CJRS on any PAYE component of your income (80%, up to 2.5k per month). If you're not operating a monthly RTI, it becomes trickier - you need to have made an RTI submission by 19 March 2020, IIRC - is that what you're banging on about in an unintelligible way?

[jamesbrown]

See above.

Yeah. Punt to General...

[Robinho]

What was unintelligible about it?

The point is i have no contractual obligation to pay myself. Therefore presumably i cannot benefit? Or is there some exception for directors?

[GhostofTarbera]

As of Friday i am benched for the first time in 3 years.

Unlike most of you tax-dodging scum i actually pay myself a decent salary every year, normally in big chunks.

Last tax year i paid myself £30+k.

in April i paid myself £20+k.

Now i have no work and want myself a nice juicy cash injection from the scummy taxman.

But according to the scummy taxman...



And as a director all of my pay is discretionary. So am i s**t out of luck here?

Lol if you were paying minimum salary and dividends you would have £10 K now to tide you over




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[jamesbrown]

What was unintelligible about it?

The point is i have no contractual obligation to pay myself. Therefore presumably i cannot benefit? Or is there some exception for directors?

It was mostly a whiny rant about something or other. Anyway, salary isn't discretionary. There are plenty of owner-directors claiming under CJRS for 80% of their salary up to 2.5k.

If you have an annual payroll (not monthly), you may fall through the cracks. There's plenty of info on gov't websites:

Check if you can claim for your employees' wages through the Coronavirus Job Retention Scheme - GOV.UK

Regarding annual payroll:

Directors, annual salary payments and the CJRS | ICAS

[Robinho]

In which case yes it is technically not a salary

So as suspected i am s**t outta luck

[GhostofTarbera]

In which case yes it is technically not a salary

So as suspected i am s**t outta luck

Funny how no one has mentioned this before


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[NotAllThere]

Unlike most of you tax-dodging scum ...

Try posting your question here https://www.contractoruk.com/forums/...us-assistance/ And this time, ask nicely.