We are all wanting the same thing - Parity in line with SEISS - for Directors of Small Limited Companies. No complexities or additional tweaks - just take Salary & Dividends as income, as signed off by us & our accountant with clawback by HMRC if errors made.
**** Daily action – please sign up **** for daily actions at 6pm each day. https://bit.ly/AskMPforHelp This is a social media bomb, VERY important to increase numbers here. Thank you Mikey Thomas for this!
Facebook: Please use the Facebook group ForgottenLtd as your instrumental tool for important updates and information. https://www.facebook.com/ForgottenLtd
There are other groups for you to discuss your issues and gather/share information:
https://www.facebook.com/groups/592155958038441/
https://www.facebook.com/groups/LtdCompanyDirectors/
CONTINUE BOMBARDING YOUR MP’s – The Institute of Directors are keen that we do this:
We have to push hard again with MPs to create dissent between MPs and the Treasury that puts Ministers under pressure.
We all need to contact our MP’s, pressing them for definitive action for our case. Add both petitions links – see below
The MPs need to be put under pressure to find out Why Rishi Sunak and the Government ARE IGNORING US. We want answers! Every letter to MPs should be “we want you to get this answer for us”. We need to find One Version of the Truth. Keep letters short and concise, but keep re-sending them if no replies.
An Early Days Motion has been set up in support of Small Limited Companies!! Attach this link and get MP’s signing this: https://edm.parliament.uk/early-day-motion/56824/support-for-small-limited-companies?fbclid=IwAR0BHnMH8hKVZjp_n8J9FktjhlOzox94Pop_T7u-PFojT27mfAIMjQ6fdVA
Details of Early Days Motion: https://www.parliament.uk/about/how/business/edms/
In Twitter – PLEASE SEARCH and follow @KeithWebb_Aiden and Forgottenltd and RETWEET all posts requesting MP’s to sign this motion – MAKE CONTINUOUS NOISE!! (Thank you Keith Webb)
We need to remove the MYTH that Directors receive considerably more money than the self employed. The difference in a Director and a Sole Trader’s take home pay is marginal:
Feel free to use this example to send to your MP’s
Director £30,000 - Salary £8,632. Profits (£30,000 - £8,632) = £21,368
Corporation tax £4,060. Dividends £17,308. Dividend tax £858. Take Home £25,082 (Total tax paid £4,918)
Self Employed £30,000 - Profits £30,000. Income tax £3,500. Class 2 NIC £156. Class 4 NIC £1,923. Take home £24,421 (Total Tax & NI £5,579)
Difference between Director and Self Employed Take home £661 (£12.71 per week!) This is only an illustration of one payment scenario - the most commonly used, and the current cap on the SEISS scheme, being £2500
Other pay scenarios here: https://www.linkedin.com/pulse/we-avoiding-tax-limited-company-hmrc-can-easily-get-need-marion-moore/?lipi=urn%3Ali%3Apage%3Ad_flagship3_profile_view_base_post_details%3BbIYqrwviTEG2pTHBxoiGQA%3D%3D
MP’s will try to persuade us to use the CBILS:
LOANS ARE A RED HERRING for businesses on reduced or not operating – WE NEED SUPPORT - NOT DEBT. We need income support, on par with the Self Employed. We are essentially, self employed!
Also Contact Chambers Of Commerce – see link to find yours locally. https://www.britishchambers.org.uk/page/join-a-chamber Get them and your MP working together.
Give them seven days to reply to your letters, and chase it!
Open apology wanted from Andrew Adonis (WITHOUT diluting our focus here)
Any MPs referring to us as tax dodgers should be named and shamed. This is slander against 2million companies operating legally in the UK!
After the abhorrent comment made on Twitter yesterday by Andrew Adonis, please send your thoughts directly to him on Twitter @Andrew_Adonis and email adonisa@parliament.uk. Ask him for an open apology to us all for his factually incorrect statement. Also let your MP's know what he said - this is unacceptable. ("Agnew right to say that HMG will not compensate business people in Covid19 schemes who take income in form of dividends - they are mostly tax dodgers and they chose to do this")
Any other MP's disrespecting us should also be outed....
Thanking Supporting MP’s
There are many MP’s who support our cause. Please thank them on social media, this may help gain more recognition.
Petitions:
I have written to Sir Lindsay Hoyle (Speaker) and asked for our petitions to be debated in Parliament….awaiting a response.
https://petition.parliament.uk/petitions/310515 (please sign if not done already, and verify by following a link in your emails)
Press & Social Media:
Please continue to get as much coverage in the Press as you can: BBC, Financial Times, The Telegraph, The Mail, The Express, IPSE, FSB etc, use Twitter and Facebook as much as possible.
Keep up the good work, we have to keep the pressure on!!
***** Thank you! ****