Cause UK is supporting the #ForgottenLtd campaign, which represents directors of small limited companies who are not eligible for self-employment income support – a deliberate choice by the Treasury. We are asking for the CBI, as the voice of business and our MP, to make immediate representations to the Treasury to reverse this policy and put us on an equal footing with the self-employed.
Watch a powerful #ForgottenLtd film here.
Many of us don’t qualify for small business grants as we’re not in commercial premises. Taking on debt to support our livelihoods isn’t an option. Without rapid assistance, many of us will go under – costing jobs today and crucially those we could have created in the future.
We are calling on the government to immediately:
1) Allow furloughed directors to continue to work. No one should be forced to abandon their businesses, nor punished for unwittingly undertaking any action that may be deemed fraudulent.
We need to be in the strongest position possible to emerge from this crisis intact and to play our part in the country’s economic recovery. We are asking the government to:
2) Extend Business Support Grants to all small businesses. We need support now to save and sustain our businesses.
3) Protect our incomes by extending SEISS to encompass small limited company directors based on all income for the last 3 years capped at £2,500 per month. To include PAYE (except where already furloughed), dividends and/or income classed as repayments to a director’s loan for companies not in profit.
We employ millions of people, pay VAT, income tax, NI, corporation tax and pensions.
Please help to lobby the Treasury to correct these flaws in the support schemes before it is too late for many small business owners, their employees, their suppliers, and their families. #ForgottenLtd