There has been much debate within the accountancy profession on this matter and the simple answer is “Yes”.
So, if you have found yourself in a position where you have no work and you believe that situation will last for at least 3 weeks, please sign and retain a copy of the letter and furlough yourself. The letter needs to be sent from your limited company to yourself (and the other directors if you need to). We will be asking to see it if we make a claim on your behalf when we can.
If you need a copy of the letter, please email email@example.com and we’ll send you a copy.
Whilst, furloughed you are only allowed to carry out duties of a director. You will find a full list of what you are allowed to do here…
These guidelines were not issued with furloughing in mind so are open to interpretation. However, we believe that maintaining the company’s statutory and financial records are the responsibility of the directors and can therefore be kept up to date.
We also recommend that, if funds allow, you continue to pay yourself your normal salary of between £719 & £1,025 per month. If your normal salary is different to this, we will be in touch to discuss what you should do. Apologies for the impersonal nature of this advice.