News

Coronavirus update

As well as posing a threat to physical wellbeing, COVID-19 (Coronavirus) is having an impact on client’s finances.

Many of our clients are able to work from home but those who are unable to, are asking whether they are able to claim 80% of their salary, up to a maximum of £2,500 per month, under the measures announced by the Chancellor, Rishi Sunak.

It is important to note that as a Director, you are both an employee and an office holder of your limited company. You are not classed as self-employed.

It is our understanding, at this time, that if you are not carrying out any work for your limited company, under the Job Retention Scheme, you will be able to claim 80% of your salary, up to a maximum of £2,500 per month. It is important to note that this will only apply to the existing salary element of your income and not to any dividends you may receive. We must however stress that the detail of this is not yet available and it is therefore subject to change. Further updates will follow as and when we are made aware of the practicalities.

Please visit here for the latest developments.

Hoping you keep safe and well.

Best regards,
CMEASY Limited


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