15 January, 2021 Open access
15 January, 2021 Open access
New scheme will provide one-off taxable grants of £1,000 to eligible company directors whose projected taxable income for 2020/2021 is less than £50,000
Northern Ireland Economy Minister Diane Dodds has announced a new £20 million scheme to support company directors affected by the Covid-19 pandemic.
Setting out details of the Limited Company Directors Support Scheme (LCDSS), which will open for applications on 21 January 2021, Ms Dodds said -
'Many company directors who have been adversely affected by Covid have found themselves in financial difficulty. I am pleased that we are able to help address the gap in national support for this group by introducing a local support scheme.'
Under the LCDSS, company directors will be eligible for an initial one-off taxable grant of £1,000 if they meet all of the following criteria -
In addition, the company/companies in which an applicant is a director must -
For more information, see Dodds announces £20m support scheme for company directors from ni.gov.uk
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