EIC0650

Written evidence submitted by Kevin Walker

I run a small limited company providing IT Support to Schools. My work pretty much dried up when the schools closed, but I am still providing support when required.

As a director, furloughing was not an option as I need to continue offering support, otherwise I will not have a business to go back to.

Even if I did wish to furlough myself, the Job Retention Scheme does not apply as I ran annual PAYE after the 19th March cut off date.

The Self Employed have been given an option to continue working and claim up to £2500 per month. This is extremely unfair to hard working limited company owner/directors who get nothing.

Luckily for my business, I do have premises and managed to get the small business rates relief grant, for which I am extremely grateful.

However, I would have liked to have seen greater parity given to limited companies to their self employed counterparts.

It’s really not that hard to distinguish dividends taken from our own companies to those from stocks and shares. It would have been better to have an honesty system with a clawback for fraudulent claims.

June 2020