Originally posted by HMRCWOT
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Previously on "Can contractors working through limited companies claim Government payments ?"
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Originally posted by northernladuk View PostSurprises me how little ******* effort people are willing to put in to try understand what is going on when their income is on the line.
Posting in General and asking the same bloody question that's being discussed endlessly in both the business and accounting sections is just poor.
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Originally posted by genius View PostI've never seen the guy actually answer a question on here, his role seems to be to complain at every single post while contributing nothing.Last edited by northernladuk; 27 March 2020, 14:32.
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Don't worry, you'll grow to love him. (he does have a point though, and this is General , where we are supposed to be evil to one another)
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Originally posted by Scoobos View PostStill as blunt as ever I see NLUK.. I've missed you darling.
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Surprises me how little ******* effort people are willing to put in to try understand what is going on when their income is on the line.
Posting in General and asking the same bloody question that's being discussed endlessly in both the business and accounting sections is just poor.
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Originally posted by dangerouswhensober View PostIn 'The Times' today (Friday 27th March 2020) there is (very) conflicting evidence on the subject of whether contractors working through their own limited companies can claim support payments from the Government.
Below are links to screen-shots of two articles from The Times today.
The first is a summary of the support measures for self-employed people announced by the Chancellor yesterday. This includes the statement:
"... anyone who has set themselves up as a company and pays themselves through a dividend will not be eligible."
The second screen-shot is from a 'case study' - on the SAME PAGE (page 7) - involving a self-employed musician. This includes the statement:
"Ms Hewitson has a limited company and takes her income in dividends. With profits of under £50,000 a year, she will be able to claim relief."
So which is correct ?
I am a contractor working through my own limited company. As recommended by accountants, I pay myself a mixture of salary and dividends - I know many thousands of other contractors also do this. Further, my total yearly income falls below the £50,000 limit (mainly because I was "out of contract" for parts of the last financial year).
So can I claim the Government relief for the self employed ?
Imgur: The magic of the Internet
Imgur: The magic of the Internet
Claim for wage costs through the Coronavirus Job Retention Scheme - GOV.UK
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Can contractors working through limited companies claim Government payments ?
In 'The Times' today (Friday 27th March 2020) there is (very) conflicting evidence on the subject of whether contractors working through their own limited companies can claim support payments from the Government.
Below are links to screen-shots of two articles from The Times today.
The first is a summary of the support measures for self-employed people announced by the Chancellor yesterday. This includes the statement:
"... anyone who has set themselves up as a company and pays themselves through a dividend will not be eligible."
The second screen-shot is from a 'case study' - on the SAME PAGE (page 7) - involving a self-employed musician. This includes the statement:
"Ms Hewitson has a limited company and takes her income in dividends. With profits of under £50,000 a year, she will be able to claim relief."
So which is correct ?
I am a contractor working through my own limited company. As recommended by accountants, I pay myself a mixture of salary and dividends - I know many thousands of other contractors also do this. Further, my total yearly income falls below the £50,000 limit (mainly because I was "out of contract" for parts of the last financial year).
So can I claim the Government relief for the self employed ?
Imgur: The magic of the Internet
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