Rejected petition 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.

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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.

This petition was rejected

Why was this petition rejected?

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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https://petition.parliament.uk/petitions/560845

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Date submitted 18 November 2020
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