Directors: Coronavirus

(asked on 30th December 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate he has made of the number of companies in which the director has been ineligible for covid-19-related financial support in (a) England, (b) the North West and (c) Wirral.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 15th January 2021

The information requested is not available. Company directors who pay themselves a salary through their company’s PAYE scheme may be eligible for the Coronavirus Job Retention Scheme (CJRS). The CJRS has been extended until the end of April 2021 for all parts of the UK, with employees receiving 80% of their usual salary for hours not worked, up to a maximum of £2,500 per month. By extending the cut-off date to submit a PAYE Real Time Information (RTI) submission to HMRC to the period from 20 March to 30 October 2020, notifying a payment of earnings for that employee, the CJRS extension should be available to those directors who paid themselves after 19 March 2020.

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