LTD Company Director - Support and Extension of Coronavirus Job Retention Scheme

bensim90

gary83 said:

bensim90 said:

Hi Folks,

As a director I am one of those who has had little options of support throughout the pandemic. I do not have a premises so do not qualify for a number of supports I would have if I did. I did not qualify for The Coronavirus Job Retention Scheme (CJRS) as my PAYE Real Time Information (RTI) is submitted once yearly and was done so after the March deadline. Using the MSE tool I don't seem to qualify for UC I believe (but am not sure) because my partner (not married) is unaffected but as far as I see it that's her income and not mine to live off of. I have been able to take full advantage of the Bounce Back Loan and this will support the business through this hardship but is not enough to also support me.

Have I missed anything that I may have qualified for until now? Are my assumptions on universal credit correct?

I’m assuming you live together with your partner? If so then the government treats you as a unit & expects you to work together as a team and support each other through hard times If able before turning to them, whether you’re married or not. 

Appreciate it’s probably not your first choice of support but if all else fails have you thought about topping up the BBL?

Thanks for the reply! Yep living together and I appreciate the expectation that we should support each other. It is however difficult when the household income is cut more than in half. Unfortunately maximum BBL has been taken advantage of and will be utilised to pay overheads in the coming months.

bensim90

Jeremy535897 said:

See https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/932077/ECONOMIC_SUPPORT_UPDATE__NOVEMBER__FINAL.pdf

Jeremy535897 said:

See https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/932077/ECONOMIC_SUPPORT_UPDATE__NOVEMBER__FINAL.pdf

Thanks for the reply! 

bensim90

Grumpy_chap said:

gary83 said:

No, it’s hard to keep up at the moment but the rules already changed. Announced a couple of days ago, the deadline was extended & top ups are allowed 

Thanks - I had not seen the update from 2nd November.  Now open until 31st January in the FAQ.
The FAQ does not seem to reflect the twit with regard to top-ups, unless I am reading that incorrectly.  The news story does say that BBLS can be "topped up" https://www.gov.uk/government/news/government-increases-support-for-self-employed-across-the-uk

Thanks for the reply! 

Grumpy_chap

Furlough is now being extended until March next year.  If you have a RTI submission in the qualifying period, that may provide some support.  Await the details to be announced.

calcotti

https://www.gov.uk/government/news/government-extends-furlough-to-march-and-increases-self-employed-support

bensim90

Grumpy_chap said:

Furlough is now being extended until March next year.  If you have a RTI submission in the qualifying period, that may provide some support.  Await the details to be announced.

Excellent news, this will definitely help! Thank you!

bensim90

calcotti said:

https://www.gov.uk/government/news/government-extends-furlough-to-march-and-increases-self-employed-support

Excellent news, this will definitely help! Thank you!