Gross payment certificate question.

[joiner]

Hi, can anyone tell me what the minimum turnover must be for a company with one director to be granted a gross payment certificate? I previously though it was £200 000 but now 'think' it may only be £30 000, can someone please confirm?

Thanks, Mark.

 

[Bob]

Hi, can anyone tell me what the minimum turnover must be for a company with one director to be granted a gross payment certificate? I previously though it was £200 000 but now 'think' it may only be £30 000, can someone please confirm?

Thanks, Mark.

It is £30K per director although there are other requirements. Details here

 

[David Griffiths]

It's £30k, net of materials, per director or shareholder. Revenue link here

The £200k test is still there - if you reach that it doesn't matter how many people are involved. It covers cases where construction isn't a big part of the company turnover.

So if you are a sole director and sole shareholder, then it's £30k. If there's another shareholder, then it's £60k, and in both cases that's after deducting materials costs

 

[joiner]

It's the 'at least £200 000 for the whole company' bit thats confusing me. So to simplify a company (with a single director) turns over say more than £150k but less than £200k could they get GP status? (presuming they meet allother criterea.)

 

[Bob]

Yes provided the 30K is net construction turnover