We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Furlough payment
Nic3481
Posts: 1 Newbie
My business bank account has been frozen due to a Petition being advertised in the London Gazette with a Court date set of June. The Petition will be dismissed.
During this time a furlough payment from HMRC has been locked in the account and funds can not be sent to relevant PAYE workers. Is this legal due to the fact that the only funds I'm wanting to release is that of the furlough which is a crisis payment after following Government instructions to stay at home.
Is it the banks duty to freeze this money within until the Court validation certificate is obtained even though these funds are purely for staff wages?
TIA
During this time a furlough payment from HMRC has been locked in the account and funds can not be sent to relevant PAYE workers. Is this legal due to the fact that the only funds I'm wanting to release is that of the furlough which is a crisis payment after following Government instructions to stay at home.
Is it the banks duty to freeze this money within until the Court validation certificate is obtained even though these funds are purely for staff wages?
TIA
0
Comments
-
Speak to your lawyer.The origin of the money is likely to be considered irrelevant.1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.7K Work, Benefits & Business
- 603.1K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards