PAYE .. I am the Employer AND the Employee .. Furlough?

Paul__UK_2

Hi everyone 
I have a Ltd company and I am the employer and the only employee  
Does anyone know if I will be entitled to the 80% wage grant? 
I know technically I need to furlough myself but in order to keep my business afloat I do need to attend to emails etc 
I am pretty sure that there is no concrete information on this as yet but if anyone can shed any light on this I would appreciate it 
Thank you in advance  

Hermann

Currently the wisdom is that you can furlough and get 80% of your PAYE but not dividends.

Whilst furloughed you can do no work for the business but directors will have an exemption to deal with legal necessities in connection with their LTD co. but that can not include anything to do with trading or generating income.

One option might be to furlough for 3 weeks, return to work for a period to deal with work, then furlough for another three weeks. Three weeks is the minimum furlough.

This assumes you were PAYE on 28 Feb.

Further guidance could alter that of course.

Hermann

Guidance for furlough...

https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme

Paul__UK_2

Hermann  …. Thank you very much indeed for the valuable information you have supplied me  …. 
I use the Inland Revenue Basic Tools app to submit my pay details each month …  what I would like to know is when furloughed do I still submit my full monthly pay details in as normal or 80% of the pay or nothing 0.00  

silvercar

Paul__UK_2 said:

Hermann  …. Thank you very much indeed for the valuable information you have supplied me  …. 
I use the Inland Revenue Basic Tools app to submit my pay details each month …  what I would like to know is when furloughed do I still submit my full monthly pay details in as normal or 80% of the pay or nothing 0.00  

Submit full pay details as normal. The company will be reimbursed 80% of full pay upto £2,500 plus the employer NI contributions and pension contributions on that in a mechanism yet to be put in place.

Hermann

Sorry I can't answer that with any confidence, but suspect what you enter is what you actually pay.

Paul__UK_2

Silvercar … thank you very much for this information and once again a big thank you to Hermann too 
Stay safe everybody   

calcotti

silvercar said: Submit full pay details as normal. 

If they are only paying 80% surely they should show the 80% figure.