The government’s coronavirus Job Retention Scheme will not cover dividends, HM Revenue and Customs (HMRC) has confirmed. Speaking to the Treasury committee today, Jim Harra, chief executive at HMRC, said dividends ‘will not qualify’ in the furlough scheme and company directors will only be able to claim 80% of their salaried wage. According to a poll of 81 advisers on the New Model Adviser® site, 79% said they paid themselves income through dividends.

HMRC confirms furlough scheme won’t cover dividends – Citywire