They must be a resident of Northern Ireland
•
• They must be a Person with Significant Control for the company or companies listed in their application (e.g. they hold more than 25% of shares in the company). There will be a requirement to list all companies in which the director holds more than a 25% share • They must work in the company or companies named in their application • As of 31 March 2020, at least 50% of their income must have originated from director’s remuneration (salary) and dividends. Where they are a director of more than one company, then their remuneration (salary) and dividends from all companies must represent at least 50% of their total income • Their projected remuneration (salary) and dividends from the company for 2020-21 must be 40% lower than it would have been in the absence of coronavirus. If applicable, this must include any furloughed income received • Their total projected taxable income for 2020-21 must be less than £50,000
The company or companies in which they are an eligible director must also:
• Be currently trading but seeing reduced demand due to coronavirus, or were previously trading but are temporarily unable to, due to coronavirus • Be based and operating in Northern Ireland • Have been trading at 1 March 2020 • Intend to continue trading
The following scenarios are ones in which a director cannot apply for the LCDSS:
• Individuals who are eligible for the Newly Self-Employed Support Scheme • Directors of investment companies or property companies, unless they hold other qualifying directorships • Directors of companies that only began trading after 1 March 2020 • Directors who finance the business, but do not work in it • PSCs where the PSC is a trust or limited company, (e.g. only individuals who are PSCs can apply) • The applicant has not complied with a COVID-19 prohibition notice • The grant which will be paid from the LCDSS will result in the company that has paid the Director’s PAYE salary exceeding its applicable European Union ‘de minimis’ ceiling
An online checker relating to eligibility for the LCDSS will be made available shortly.
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Self-Employment Income Support Scheme (SEISS) – grant three 26 January 2021
HMRC has updated guidance on the Self-Employment Income Support Scheme (SEISS), and has released a YouTube video relating to how to claim the third grant under the scheme.
The stance on the level of support provided under the fourth grant remains unchanged, and the government is yet to confirm how much it will pay out to eligible individuals.
HMRC intends to run a series of live webinars discussing how to claim the fourth grant but are unable to take bookings for them at present. The advice is to check the guidance pages regularly for when bookings reopen, which will be as soon as possible.
Claims relating to the third grant must be submitted by the deadline of 29 January 2021.
Additionally, guidance relating to the calculation of grants under the Coronavirus Job Retention Scheme (CJRS) has been updated to confirm that the calculator cannot be used in relation to employees with variable pay, who were not on their employer’s payroll on or before 19 March 2020, and have been placed on more than one period of furlough after 1 November 2020.
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The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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