Mortgage holidays extended for up to six months

[Paddy]

Director is not automatically an employee, Shirley still true?

Asking for a Director fiend

Correct, but if you a "working" for a client co, you can't just pay dividends, you must have some form of PAYE

[AtW]

Correct, but if you a "working" for a client co, you can't just pay dividends, you must have some form of PAYE

Worker isn’t always an employee too, right?

Whole employment system is so fooked in this country

[ascender]

How is he doing ok on his warchest if he's dipping into money put aside to pay taxes? That's a huge concern. Did he not consider taking out a BBL? Applications are open to the end of the month IIRC.

We didn't get in to the detail, but I'm guessing both could do with a better accountant as a first step.

I've heard of quite a few people resorting to their tax accounts to get by tbh.

[Paralytic]

Janet and John go contracting.
John starts up a limited company and makes himself director.
Janet says, did you know that you are now an employee of your limited company because your limited company is a separate legal entity?
John answers no, I did not know that.
Some time later, John gets into difficulty and he can't find any new contracts, he wants to close his limited company.
Janet tells John, you have been paying yourself the minimum in salary and drawing dividends, however your limited company can still pay you a lump sum in redundancy if there is money in the account.
Redundancy? replies John.
Yes, you ignorant twat. Your limited company that you own can make you redundant. If you don't know how to do that, ask your accountant or transfer your limited company to me and I will fn do it.
John was still puzzled, there is no hope for some contractors.

Thanks for that John.

[Mordac]

It's how things are - he's one of the many for whom no support is available other than via Universal Credit (once his assets have been burned enough to make him eligible).

About 3 million, apparently: Three Million Excluded - The Breakdown | ExcludedUK