Newly formed limited company owners might not be eligible for self-employed support

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This 676-word blog post reports on a warning from the Low Incomes Tax Reform Group about eligbility for the Self-Employment Income Support Scheme. Written on 17th May 2020.

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Article preview: Owners of newly formed limited companies are unlikely to be eligible for the Self-Employment Income Support Scheme, according to the Low Incomes Tax Reform Group. New limited company owners might still receive a message from HM Revenue & Customs and get the green light in their online eligibility checker. To qualify for the grant as a self-employed person, you must be a self-employed individual or member of a partnership.