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Covid-19 – Furloughed Workers Updates

The Governments recent announcement on the Coronavirus Job Retention Scheme essentially means that all UK employers will be able to access support to continue paying part of their employees’ salary for those employees that would otherwise have been laid off during this crisis.

All UK businesses are eligible.

To access the Scheme, you will need to:

  • Designate affected employees as ‘furloughed workers,’
  • Notify your employees of this change, please note changing the status of employees remains subject to existing employment law and, depending on the employment contract, may be subject to negotiation
  • Submit information to HMRC about the employees that have been furloughed and their earnings this will be through a new online portal (HMRC will set out further details on the information required).

HMRC will reimburse 80% of furloughed workers wage costs, up to a cap of £2,500 per month.

We will update further as and when announcements are made

Further information regarding support of business can be found at  https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19

 

SRG LLP is a UK limited liability partnership registered in England and Wales under number OC320275 | Registered office: 28 Ely Place, London, EC1N 6AA

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Due to the Covid-19 pandemic, all of our staff and partners will be working remotely and will not be situated in either office.  Although our services to our clients should not be significantly affected, we would request that you email your contact with the firm, rather than telephone the offices. For all general enquiries, please email the London office on email@srgcas.com and the Glasgow office on email@srgcas.co.uk