Submitted on Wednesday 18th November 2020
Rejected on Wednesday 25th November 2020
Current status: Rejected
Rejection code: duplicate (see below for details)
Provide Covid-19 financial support to small limited company owners and directors
Owners and Directors of small limited companies often rely on dividends to make up much of their income. These dividends are dependant on the success and profitability of their businesses. This has been significantly affected by the Covid-19 pandemic, with many no longer able to receive this income.
These owners and directors often do not qualify for the Self-Employment Income Support Scheme leaving a substantial impact on their income. We propose that the government introduce a similar scheme that will provide essential financial support, offering grants of 80% of declared profits from the most recent corporation tax return. This shall be capped at a maximum value of £7500 PER COMPANY for a 3 month period, and shall be used solely for the payment of dividends.
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The Government e-Petitions Team gave the following reason:
There's already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.
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petition.parliament.uk/petitions/560845
3.138.102.202 Sat, 16 Nov 2024 00:53:46 +0000
