In a previous post, I reiterated the government's guidance that company directors could also furlough. However, where many are receiving only a salary up to the national insurance threshold, the grant entitlement will be about £575 a month. For service sector contractors, median monthly income will be many multuples of that grant amount. Foregoing income is not worth attempting to preserve entitlement to the grant.
Furthermore, contining work during the crisis demonstrates self-sufficiency and by extension self-employment. If a company owner can work from home, with minimal use of client equipment and resources, managing bumpy workflows and profiting from decision making in that conetxt, on what basis is that same owner now being required to account for income under the regulation of IR35?