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1. • Not include any dividend income

     • The furlough grant would only cover 80% of the PAYE salary element. It would not include any dividend income.
     www.stevens-bolton.com/site/insights/articles/how-does-the-furlough-scheme-apply-to-directors

     How does the furlough scheme apply to directors? - Stevens ...

2. People also ask

   Does a furlough grant cover dividends?

   • Also, it is common for a director/shareholder of a personal service company to receive a small salary as an office-holder (set near the statutory minimum), with company profits paid out as dividends. The furlough grant would only cover 80% of the PAYE salary element. It would not include any dividend income.

   How does the furlough scheme apply to directors?

   www.stevens-bolton.com/site/insights/articles/how-does-the-furlough-scheme-apply-to-directors

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   Which companies are paying dividends during the furlough scheme?

   • These include Telecom Plus and construction group CRH, which are paying dividends for the period covered by the furlough scheme, and haulier Wincanton, which will resume dividends in January.

   UK companies restore dividends after taking furlough cash - Financial Ti…

   www.ft.com/content/d9b4c815-d709-4b34-9301-47ce44ee4260

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   Will a furlough grant cover 80% of PAYE salary?

   • The furlough grant would only cover 80% of the PAYE salary element. It would not include any dividend income. The Government has specifically been made aware of the issues that PSC contractors have encountered in accessing Coronavirus financial support. It is therefore hoped that a sensible and inclusive approach is adopted to assist this sector.

   How does the furlough scheme apply to directors?

   www.stevens-bolton.com/site/insights/articles/how-does-the-furlough-scheme-apply-to-directors

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   Can a director qualify for a furlough grant?

   • To be eligible for the grant, when on furlough, an employee cannot undertake work for, or on behalf, of the organisation or any linked or associated organisation. This includes providing services or generating revenue. This changes from 1 July under flexible furloughing HMRC has said that directors can qualify.

   Coronavirus Job Retention Scheme: can directors furlough

   www.bishopfleming.co.uk/insights/coronavirus-job-retention-scheme-can-directors-furlough-themselves

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   Who can claim under the furlough scheme?

   • All UK businesses could claim under the scheme if they: Had qualifying furloughed employees. Eligible entities included businesses, charities, not-for-profit organisations, recruitment agencies, single director companies and public authorities.

   Coronavirus Job Retention Scheme (CJRS) | Furlough Scheme explained …

   www.bdo.co.uk/en-gb/insights/tax/employer-essentials/coronavirus-job-retention-scheme

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   Can a furlough grant be tax deductible?

   • Yes, both on the employee and the employer. When furloughed employees were paid through RTI, the employer had to make the usual PAYE, NIC and automatic enrolment deductions. Employers must treat the grant as taxable income for corporation/income tax purposes, but can deduct employment costs as normal when calculating their taxable profits.

   Coronavirus Job Retention Scheme (CJRS) | Furlough Scheme explained …

   www.bdo.co.uk/en-gb/insights/tax/employer-essentials/coronavirus-job-retention-scheme

   See all results for this question

3. www.stevens-bolton.com › site › insightsHow does the furlough scheme apply to directors? - Stevens ...

   www.stevens-bolton.com › site › insights

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   Jun 8, 2020 · A: Any possible claim will be for 80% of a director’s “wages” only (paid via PAYE) and does not extend to dividends. This has been echoed by the Institute of Chartered Accountants of England & Wales (ICAEW).

4. citywire.com › wealth-manager › newsHMRC confirms furlough scheme won't cover dividends - Citywire

   citywire.com › wealth-manager › news

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   Apr 8, 2020 · Despite the scheme not being able to cover dividends, the government confirmed earlier this week that directors of their own limited companies can furlough themselves and claim the 80% employee grant, but this would only cover their wages.

5. www.bdo.co.uk › en-gb › insightsCoronavirus Job Retention Scheme (CJRS) | Furlough ... - BDO

   www.bdo.co.uk › en-gb › insights

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   Sep 30, 2021 · Please note that personal service companies paying their director in both salary and dividends were only able to claim a grant for the salary element for the furloughed director.

6. www.ft.com › content › d9b4c815-d709-4b34/9301/47ceUK companies restore dividends after taking furlough cash

   www.ft.com › content › d9b4c815-d709-4b34/9301/47ce

   Nov 13, 2020 · UK companies restore dividends after taking furlough cash. Businesses return £400m to government but others keep support money despite making investor payouts. Housebuilder Redrow is among the...

7. www.bishopfleming.co.uk › insights › coronavirus-jobCoronavirus Job Retention Scheme: can directors furlough ...

   www.bishopfleming.co.uk › insights › coronavirus-job

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   HMRC has said that directors can qualify. However, where a director/shareholder takes a low salary which is topped up by dividends, only the PAYE salary element is covered by CJRS. Dividends do not qualify and thus the grant may be correspondingly low.

8. Videos

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     Furlough scheme explained on This Morning by Martin Lewis

     21 Apr 2020

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     youtube.com

     How does the UK coronavirus job furlough scheme work? | ITV News

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9. www.mirandusaccountants.co.uk › insights › furloughQ&A: Furlough for Directors during COVID-19 — Mirandus ...

   www.mirandusaccountants.co.uk › insights › furlough

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   Apr 3, 2020 · What our customers say. Q&A of latest questions on furloughing as a director due to COVID-19. Questions and answers updated regularly.

10. www.gov.uk › guidance › calculate-how-much-you-canCalculate how much you can claim using the Coronavirus Job ...

    www.gov.uk › guidance › calculate-how-much-you-can

    • Cached

    Jun 12, 2020 · Calculate how much you have to pay your furloughed employees for hours on furlough and how much you can claim back.