TAX EXPERTS WARN OF CLIFF EDGE

Jun 8, 2020

Employers who intend to use the furlough scheme have two days left to place workers on leave or risk losing entitlement to the support. From 1 July 2020, only employees who have been furloughed for at least three weeks on or before 30 June 2020 will be eligible for the scheme.

Any employees not yet furloughed, must be furloughed no later than 10 June 2020 to be eligible for support in the final four months of the scheme.

Chancellor Rishi Sunak recently extended the furlough scheme until 31 October 2020, and more than a third of the UK’s workforce are on leave. He is expected to issue further guidance on the second iteration of the furlough scheme on 12 June 2020.

The Association of Taxation Technicians, said: “Unless an employee has been furloughed at some point between 1 March and 30 June 2020, for a minimum of three continuous weeks, it will not be possible to furlough them between 1 July and 31 October.

Afford Bond Director, Paul Edwards said: “From the 1st July, employers need to be aware that the number of employees they can include on claims for periods from that date will be capped. The cap will be equal to the maximum number of employees previously claimed for in the first three months of the scheme.”

If you need coronavirus business related support, please don’t hesitate to contact us at out Nantwich office 01270 623731 or Wilmslow office 01625 416380.

Other posts you might like:

Vacancies

We are always on the lookout for talented individuals to join our teams in Nantwich, Wilmslow and Manchester.

If you are interested in pursuing a career in the Accountancy Profession,  please send us your CV and covering letter.

read more