The Coronavirus Job Retention Scheme is a temporary scheme open to all UK employers for at least three months starting from 1 March 2020. HMRC expect the scheme to be up and running by the end of April.
The income support scheme will cover the three months to May. Grants will be paid in a single lump sum instalment covering all 3 months, and will start to be paid at the beginning of June.
Businesses can apply for an additional 3 months to file accounts with Companies House to help companies avoid penalties as they deal with the impact of COVID-19.
What is it?
Under the coronavirus Job Retention Scheme, all UK employers with a PAYE scheme will be able to access support to continue paying part of their employees’ salary for those that would otherwise have been laid off during this crisis.
To protect our team members and clients we have decided to close our offices from Monday 23rd March 2020 until further notice. We have robust and tested plans that will allow partners and staff to:
HMRC have launched a new helpline to help businesses concerned about paying their tax due to coronavirus (COVID-19). 0800 0159 559