Ltd company help

Alex2409

I work as a Ltd company with myself as sole employee, the chancellors help package doesn’t seem to cover myself or am I just not looking at things the right way ? Any help or advice would be great can I claim as self employed or as employed or not entitled at all ! 

Cheers 

jimmy_f

I have a similar question. I also work as limited company. It pays me about £8500 in salary and £5500 in dividends. I have been told by my accountant that I can claim as an employee but only on the salary not dividends. How do I go about this? Thanks in advance.

neilmcl

You need to wait until everything is in place, which it isn't currently. I imagine it's going to be well into April before the gov portal will be up and running.

jimmy_f

Thank you .

Aneeta1234

We have been told we have to have salary cuts across where I work. We still have to work as normal. This feels wrong ? Can companies do this to protect against c19 impact. 

neilmcl

Aneeta1234 said:

We have been told we have to have salary cuts across where I work. We still have to work as normal. This feels wrong ? Can companies do this to protect against c19 impact. 

I can't see any reason why they couldn't.

calcotti

Alex2409 said:

I work as a Ltd company with myself as sole employee, the chancellors help package doesn’t seem to cover myself or am I just not looking at things the right way ? Any help or advice would be great can I claim as self employed or as employed or not entitled at all ! 

Cheers 

You cannot benefit from the self employed support package. If you have no work and are able to designate yourself as a furloughed employee you may be able to get reimbursed 80% of your normal PAYE wage but to get this you would have to be doing no work for your company.
https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme

If you’re a director of your own company and paid through PAYE you may be able to get support using the Job Retention Scheme.

LilElvis

The company are obviously trying to ensure they maintain their business - hopefully it will mean that in a few months you will be returning to full pay rather than be joining the growing number of unemployed. Look on one of the benefits calculators to see whether your reduced income would make you eligible for top up benefits.