I have seen some accountants offering directors to lower their salaries to £131pw to allow 80% reimbursement of £104.80 and for them then to claim ESA of £73.10 a week giving them a higher monthly income of £770.90pm as opposed to 80% of £719pm at £575.20pm
What are peoples thoughts on this? Surely it's manipulating the system and unethical?!
Rishi did seem to make it clear that only people who had submitted 18/19 returns were eligible. However on the business support website it also lists the following as eligible :
Have traded in 2019-20; be currently trading at the point of application (or would be except for COVID 19) and intend to continue to trade in the tax year 2020 to 2021
I did spend time looking but couldn't find an answer and maybe that is down to lack of experience of the site, but I am under huge pressure from my clients asking questions and want to give them the best possible advice so I reached out and asked for advice!
People don't have to read it or comment if it is inconvenient to them just because they have seen lots of other similar posts!!
#bekind????
Omg there is no need to be so rude, I am new to this site!!!!
Yes I did try searching for questions but nothing came up, maybe it's because I am on my mobile so will try on the desktop.
Was also just interested in other people's opinions and how they are dealing with it!!!!
My answers
My bad I read it wrong, thanks for the clarification
I have seen some accountants offering directors to lower their salaries to £131pw to allow 80% reimbursement of £104.80 and for them then to claim ESA of £73.10 a week giving them a higher monthly income of £770.90pm as opposed to 80% of £719pm at £575.20pm
What are peoples thoughts on this? Surely it's manipulating the system and unethical?!
Rishi did seem to make it clear that only people who had submitted 18/19 returns were eligible. However on the business support website it also lists the following as eligible :
Have traded in 2019-20; be currently trading at the point of application (or would be except for COVID 19) and intend to continue to trade in the tax year 2020 to 2021
So mixed messages once again
I did spend time looking but couldn't find an answer and maybe that is down to lack of experience of the site, but I am under huge pressure from my clients asking questions and want to give them the best possible advice so I reached out and asked for advice!
People don't have to read it or comment if it is inconvenient to them just because they have seen lots of other similar posts!!
#bekind????
Thanks James, that was my feeling too
Omg there is no need to be so rude, I am new to this site!!!!
Yes I did try searching for questions but nothing came up, maybe it's because I am on my mobile so will try on the desktop.
Was also just interested in other people's opinions and how they are dealing with it!!!!