Self-employment Income Support Scheme: Directors

Treasury written question – answered on 7th September 2020.

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Photo of Daisy Cooper Daisy Cooper Liberal Democrat Spokesperson (Justice), Liberal Democrat Spokesperson (Digital, Culture, Media and Sport), Liberal Democrat Spokesperson (Education)

To ask the Chancellor of the Exchequer, if he will include sole directors of limited companies in the Self-employment Income Support Scheme by matching Companies House officer records to dividend payments declared on limited company annual accounts.

Photo of Jesse Norman Jesse Norman The Financial Secretary to the Treasury

The Chancellor of the Exchequer has said there will be no further changes or extensions to the Self-Employment Income Support Scheme (SEISS). However, other forms of support are available for directors of limited companies.

Those who pay themselves a salary may be eligible for the Coronavirus Job Retention Scheme (CJRS). The CJRS is available to employers, including owner-managers; individuals paying themselves a salary through a PAYE scheme are eligible.

The CJRS and SEISS continue to be just two elements of a comprehensive package of support for individuals and businesses. This package includes Bounce Back loans, tax deferrals, rental support,?increased levels of Universal Credit, mortgage holidays, and other business support grants.

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