Q&A: is there any help for owner managers of limited companies?

For owner managers of limited companies, covid-19 is a minefield as government emergency financial support seems to miss these two million potential beneficiaries. Stephen Relf CTA FCA and Martin Jackson ATT, Croner-i, explain the limited options available

Approximately two million people in the UK run their businesses through a limited company, typically as the sole director and sole employee of the company, the so-called owner managed businesses. 

This is a constantly changing situation, so it is important to bear in mind that that these questions and answers are based on information published by the government on or before 7 April 2020. As we have seen in the few weeks since the package was first announced last month, it is subject to constant change due to the extent of the  pandemic.

 

I am an owner manager. Am I entitled to a grant under the Self-employment Income Support Scheme (SEISS)?

No.

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