This website uses cookies to ensure you get the best experience. Please read our policies for more information.

10 Chartered Accountants

News

Coronavirus Job Retention Scheme Guidance Published
27 March 2020

HM Revenue & Customs (HMRC) has now published detailed guidance for operation of the Coronavirus Job Retention Scheme, which is intended to reimburse up to 80 per cent of the wage costs of a ‘furloughed worker’.

The guidance confirms a number of points including:

  • The scheme applies only to workers who were on the payroll on 28 February 2020;
  • Workers made redundant since 28 February 2020 can be included in the scheme, if you agree to take them back on; and
  • The scheme covers full-time and part-time employees, employees on agency contracts and employees on flexible or zero-hour contracts.

[Read the guidance for employers on the HMRC website]

[Read the guidance for employees on the HMRC website]

For further information, please contact us today.

Other recent news

Planning your exit? Watch out for the BADR changes
20 March 2025

If you are thinking about selling your business, timing could…
Read more

Paying your employees will cost you more after 6 April
20 March 2025

From 6 April 2025, changes to employer National Insurance Contributions…
Read more

Why you need to meet with your accountant before April
20 March 2025

As the end of the tax year approaches, it is…
Read more

Upcoming Inheritance Tax changes that could affect you
20 March 2025

Upcoming changes to Inheritance Tax (IHT) will be phased in…
Read more

Time is running out to check for gaps in your State Pension!
20 March 2025

If you have had career breaks, worked abroad, or earned…
Read more

»

Case Studies