Covid-19: limited company directors have limited support

As the details of Chancellor Rishi Sunak’s ‘unprecedented’ package of support for individuals and businesses affected by the coronavirus pandemic emerge, directors of limited companies have found they risk falling between the two key schemes, reports Pat Sweet

This group includes, for example, contractors, consultants and other off payroll workers who provide their services to an organisation via a personal services company (PSC) which is usually set up as a limited company.

Typically they are the director of the PSC and pay themselves a small amount in PAYE salary, drawing the rest as dividends from the company.

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