Treasury agrees to discuss support plan for directors
Business leaders and tax experts have drawn up a rescue scheme for two million business owners, including motorsport business owners, currently locked out of coronavirus support. The Directors Income Support Scheme - designed by the Federation of Small Businesses, the Association of Chartered Certified Accountants and campaign group Forgotten Ltd - would be a grant based on the trading profits of small, actively trading companies, including those in motorsport. The idea will be discussed at a meeting with Jesse Norman, the Treasury minister, according to the Telegraph. Craig Beaumont, of the FSB, said: "Directors have set themselves up the right way, and paid their taxes just like everyone else, but have not received the income support lifeline."