The package announced by the Chancellor, Rishi Sunak, on 20 March included some significant measures to help employees – including, in particular, the job retention support scheme. Although further guidance is still needed on the detail, it is clear that this will enable many employees to be “furloughed” on 80% of salary while the crisis continues, with the Government funding this up to a maximum of £2,500 per month.
Not surprisingly, the self-employed want similar help to be made available to them too, but this is proving much more difficult and a further announcement is expected today (26 March).
The full article is available on AccountingWEB here.
If you would like to discuss any of the above or have other queries about how you can make the right decisions for the future of your business and your income, please get in touch with Heather Self or your usual Blick Rothenberg contact.
You can also visit our Coronavirus – Practical Guidance for businesses today Hub for our latest updates and insights.