Login
020 7084 5771 020 3740 4710 01580 313108
Furlough Scheme

Rishi Sunak has today (12th May) announced that the Coronavirus Job Retention Scheme will be extended until the end of October, although there will be some changes to the scheme from August onwards.

The extension to the scheme will mean that furloughed workers will continue to receive 80% of their salary, up to £2,500 per month. From the start of August, furloughed workers will have the flexibility to return to work part-time with employers being asked to pay a percentage of the salaries for furloughed workers, as a substitution for part of the government’s contribution.

Further specific details will be available by the end of May, and we will provide updates as this information is announced.

Please see our previous article here for details of the original scheme and other help available for employers.

 

 

Janet Pierce (nee Paterson)
About Janet Pierce (nee Paterson)
FCA, CTA, AIIT, TEP
Principal of Charter Tax Consulting Limited
Janet Pierce (nee Paterson) has a strong technical background in UK and International tax, she is a qualified chartered accountant and chartered tax advisor, a member of the society of trust and estate practitioners and a member of the institute of indirect taxation. Janet is also a member (formerly chairman) of the Fleet Chapter of the VAT Practitioners Group, a member of the International Tax Planning Association and a member of the International Fiscal Association. Janet left the position...

Get in touch

Please ensure all required fields are completed.

Need more information or have a question? Drop us an email using the form below and one of our team will get back to you as soon as possible.

    Newsletter Signup