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Covid19 - Effects on Businesses, Employers and Employees

Morning all - I am putting daily updates on my Facebook and social media pages of information which may help in respect of the packages and schemes for businesses, employers, employees and individuals. If you want any help or advice follow me on Facebook or do not hesitate to get in touch

View From the Bunker - Update Covid19 Job Retention Scheme

Morning all and I hope everyone is staying safe.

HMRC have released the below which puts a little more meat on the bone to the Covid19 Job Retention Scheme.

Interesting to note for businesses that any grants will be essentially 'taxable' as the grants are designed to reduce the cost of employment in the business and hence will need to be included in the relevant period trading accounts.

Also noted if an employee has more than one job then the guidance suggests there are separate 'furloughing' in each employment with a separate cap limit for that employee. So for those that have more than one employment this may be of interest to you