HMRC confirms furlough scheme won’t cover dividends – Citywire

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s