Coronavirus Job Retention Scheme goes live as it is extended to end of June - Article London/Essex : Raj Consultancy Ltd

Coronavirus Job Retention Scheme goes live as it is extended to end of June

The government's Coronavirus Job Retention Scheme went live on 20 April after Chancellor Rishi Sunak extended it until the end of June.

Call 020 8596 5014 or email info@rajconsultancy.co.uk

The government's Coronavirus Job Retention Scheme went live on 20 April after Chancellor Rishi Sunak extended it until the end of June.

The scheme allows businesses to furlough their employees, with the government paying 80% of their wages up to a maximum of £2,500.

HMRC has emailed two million employers providing a link to a five-step guide to claiming, and has warned them to be aware of the scams that are circulating.

The Coronavirus Job Retention Scheme was initially open for three months and was backdated from 1 March 2020 to the end of May. The Chancellor stated that the scheme would be kept under review and extended if necessary.

He said: 'We've taken unprecedented action to support jobs and businesses through this period of uncertainty, including the UK-wide Job Retention Scheme. With the extension of the coronavirus lockdown measures . . . it is the right decision to extend the furlough scheme for a month to the end of June to provide clarity.

'It is vital for people's livelihoods that the UK economy gets up and running again when it is safe to do so.'

The Treasury stated that further decisions on the Job Retention Scheme will take into account developments on the wider measures to reduce the spread of the coronavirus.

For more information, please click here.

About us

As well as accountancy and tax skills, our director also have various specialisms which enable us to provide clients with a first class tailored service. With our wealth of experience we pride ourselves on delivering an unparalleled service to all clients, whatever their size or sector.

Learn more

Latest news
Contact Details

Please call:
020 8596 5014

Raj Consultancy Limited, CEME Campus, Marsh Way, Rainham, Essex RM13 8EU

Home | Contact us | Site map | Accessibility | Disclaimer | Privacy notice | Help |

© 2020 Raj Consultancy Limited. All rights reserved. powered by totalSOLUTION
Registered in England : Company No : 05466798
Registered Office : 27 Sowrey Avenue, Rainham, Essex, RM13 7LX
Raj Consultancy Ltd are registered with the ACCA as chartered certified accountants and can be found on the register of members.

We use cookies on this website, you can find more information about cookies here.
ACCA Quickbooks Silver ProAdvisor Xero