In recent years – due to tax changes – it has become more expensive to make termination payments. With redundancies on the rise due to the coronavirus, is it time you understood how termination payments work in 2020? Beyond the human tragedy of COVID-19 is an economic one. Swathes of the UK economy have been […]
Government support begins to taper off?
The Furlough scheme is changing and the support for the self employed will be extended for the final time. Below we detail all the latest Government support and guidance. FAQ’s on what we can and cannot do have also been updated over the weekend and there are also changes to childcare and free child minding […]
Furlough scheme set to be closed to new employees
Depending on your definition of success, the Coronavirus Job Retention Scheme has certainly been a success with around eight million workers furloughed so far, nearly a million businesses using the scheme, and with costs totalling around £80bn. However the Chancellor is set to announce this week that the UK government will soon bar companies from […]
How will HMRC deal with ‘Furlough Fraud’?
The Government and HMRC are very concerned about fraudulent Coronavirus Job Retention Scheme claims, despite the rules and system having been designed to safeguard against this as far as possible. Simply because of the large sums being made available, the scheme is likely to attract criminal fraud, as well as abuse by some genuine employers […]
Should you furlough workers or not?
Our guide to your options regarding the Coronavirus Job Retention Scheme that allows you to claim a grant for 80% of a PAYE employee’s salary (capped at £2,500) so you can continue to pay them rather than making them redundant. Furlough (noun) a temporary leave of absence granted to a worker.Also: to furlough (verb); furloughs; furloughed; […]