Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether the Coronavirus Job Retention Scheme applies to the (a) income and (b) director dividend of a person that is a sole director and sole employee of a limited company.

In March, the Government announced the unprecedented Coronavirus Job Retention Scheme to help firms keep millions of people in employment. Incorporated individuals will benefit from the job retention scheme on their salary paid through PAYE. Income from dividends is a return on investment in the company, rather than wages, and is not eligible for support. Guidance on how to calculate 80% of wages can be found at https://www.gov.uk/guidance/work-out-80-of-your-employees-wages-to-claim-through-the-coronavirus-job-retention-scheme.