The introduction of the furlough scheme brought uncertainty for employers who had granted employee management incentive (EMI) options to their employees. An EMI option is a type of employee share scheme that enjoys favourable tax treatment. These schemes are often…
As part of the Governments recently announced “A Plan for Jobs“, which sets out its proposals to combat job losses caused by the Covid-19 pandemic, a Job Retention Bonus is being introduced as an attempt to try and avoid the…
The Government, has announced further changes to the Coronavirus Job Retention Scheme (CJRS) which confirms the introduction of flexible furloughing and also the increased costs to employers if they are furloughing employees from 1 August onwards: Changes to the Coronavirus…
The Chancellor announced on 29 May the changes to the Coronavirus Job Retention Scheme. This will of course have an impact for those employers who have furloughed employees under the Scheme. The Government has produced a factsheet outlining the changes with…
The Government is launching on 26 May 2020 its new online service, which will allow employers with less than 250 employees to recover some of the costs of paying Coronavirus related Statutory Sick Pay (SSP): Coronavirus Statutory Sick Pay Rebate…
The issue of holiday and employees furloughed under the Government’s Coronavirus Job Retention Scheme (CJRS) was one of the more tricky issues that the CJRS threw up. The initial uncertainty wasn’t helped that the first few reiterations of the CJRS…
The Chancellor has just announced the extension of the Coronavirus Job Retention scheme which will of course have an impact for furloughed employees. Under the Scheme, employers who have properly furloughed employees, can recover from HMRC the lower of 80%…
On the back of the Government’s announcement on Sunday and the first tentative steps to ease the lockdown during the current Coronavirus pandemic, the Government has also published its guidance on the steps employers need to take to ensure that…
The Coronavirus Job Retention Scheme which allows employers to recover certain wage costs for employees that have been furloughed seems to be constantly evolving which perhaps is not surprising given that this is the first time that such assistance has…
From April 6 2020, employers will need to comply with some key changes that are coming into force, including changes to written statements of terms and conditions, the introduction of parental bereavement leave and pay, changes to the law on…
The world has changed significantly over the last few weeks and businesses are facing huge challenges in coping with the effects of COVID 19. Schools have shut, businesses have closed and people have had to self-isolate. This has put pressure…
Businesses across the UK and the globe are facing an unprecedent situation because of Covid-19 and we wanted to provide an update for all our clients and colleagues on what this means for you, and how we can continue to…