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Perthshire Chamber of Commerce

UK Government Coronavirus Job Retention Scheme

On Friday 20 March the Chancellor took the unprecedented step of introducing the Coronavirus Job Retention Scheme amid the crisis facing many businesses of having to immediately lay off staff. 

The detail of the scheme is still to be fleshed out as well as the process for claiming it, but we have tried to answer some questions which businesses are likely to face immediately. Please click here to read our briefing. 

This note is based on information as at 22 March 2020 and will be updated as and when further information is provided by HMRC.

 

Key questions answered:

·     What businesses qualify for it?
·     Will it cover all my employees?
·     Will my employees receive 80% of wages up to £2,500 in their hand?
·     Do I need to top up wages by 20%?
·     What do I need to do to apply?
·     Can I automatically place staff on furlough?
·     What if staff don’t agree?
·     I’ve already laid off staff, what do I do about them?
·     I’ve already paid them redundancy pay and notice pay will I get it back?
·     What if a member of furloughed staff becomes ill – what do they get paid?
·     If reimbursement is some weeks away, what do I do in the meantime if I can’t afford to pay?

Please click here to read the briefing.

Please click HERE for more information

 

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