Coronavirus Job Retention Scheme: Directors:Written question - 62419

Q
(Sheffield Central)
Asked on: 22 June 2020
Treasury
Coronavirus Job Retention Scheme: Directors
Commons
To ask the Chancellor of the Exchequer, if he will bring forward legislative proposals to extend the RTI Coronavirus Job Retention Scheme deadline for company directors on annual payroll schemes.
A
Answered by: Jesse Norman
Answered on: 26 June 2020

As office holders, salaried company directors are eligible to be furloughed and receive support through this scheme.

Directors paid annually are eligible to claim, as long as they meet the relevant conditions. These include being notified to HMRC on an RTI submission on or before 19 March 2020 which relates to a payment of earnings in the 2019/20 tax year.

This requirement is important in order to protect taxpayers’ money from fraudulent claims.

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