Director’s Income Support Scheme (DISS)

A coalition of small business leaders, tax experts and company directors have mapped out the measures needed to provide support to 2 million actively trading limited companies in the UK, which collectively employ 7.5 million people.

Running on the same parameters as the Self-Employed Income Support Scheme (SEISS), the Director’s Income Support Scheme (DISS) is based on the trading profits of the company, which are contained in the corporation tax return, and could be self-certified because unlike the self-employed, the director of a limited company has certain duties in law.

The director would only be able to claim for one directorship in the entity which they have the greatest income and must declare that they intend to continue to trade and either, are currently actively trading but have been impacted by reduced demand due to coronavirus; or were previously trading but are temporarily unable to do so due to coronavirus.

The Targeted Income Grant Scheme (TIGS) is designed to be a targeted solution for specifically identified groups that have been excluded from meaningful government support. The DISS is included as part of the TIGS proposal.