Last week there was a bit of a flurry in the press around the Government potentially backing a proposal by the Federation of Small Businesses and the Association of Chartered Certified Accountants to pay company directors who are compensated via Dividends an equivalent of the SEISS grants.

Under the proposed scheme, company directors who received >50% of their income from a limited company under their control would have been entitled to a grant based on the same premise the SEISS. This would have served as a measure to cover for the fact that many businesses have been completely unable to turn a profit or pay their directors due to government mandated closures and lockdowns.

Unfortunately, despite ample coverage on the topic from all major news sources, the call has been met with a wall of silence.

We will provide updates if there is any change, but probably best that business owners don’t hold their breath.