We offer a range of high quality accounting, financial and business services in and around Milton Keynes.

Government widens eligibility for job retention scheme

16 Apr 2020

The government has widened the eligibility criteria for furloughed employees who need to access the Coronavirus Job Retention Scheme by pushing back a key date.

Under the Coronavirus Job Retention Scheme, businesses can apply for government grants for employees' salaries up to the lower of 80% of an employee's regular wage, or £2,500 per month for three months from 1 March.

The scheme could run for longer if the social restrictions to help halt the coronavirus (COVID-19) pandemic remain in place.

In order to be eligible, employees previously needed to be on an employer's Pay as You Earn (PAYE) payroll on or before 28 February 2020. This date has now been pushed back to 19 March 2020, the day before Chancellor Rishi Sunak first announced the scheme.

Individuals employed and on the payroll as of 28 February 2020, but who were made redundant or stopped working for their employer prior to 19 March 2020, can also qualify for the scheme if their employer re-employs them and puts them on furlough.

Further details on the Coronavirus Job Retention Scheme can be found here.

Register

Why not register to receive our monthly newswire? This is packed full of essential business news and handy tax tips to help save you money.

Learn more

Tax Calendar

Our handy tax calendar provides an overview of the key tax dates for your diary.

Learn more

Calculators

B2B’s interactive tax calculators can be used to calculate VAT due, the taxable benefits on your company car and how much your savings are worth.

Learn more

Home | About us | Contact us | Logon | Register | Accessibility | Disclaimer | Help | Site map |

© 2024 B2B Business Advisors Limited. All rights reserved.

We use cookies on this website, you can find more information about cookies here.
Chartered Tax Adviser

Registered in England, Company Registration number – 7906656. Registered Office – 58b High Street, Stony Stratford, Milton Keynes, MK11 1AQ. Registered with the Chartered Institute of Taxation as a firm of Chartered Tax Advisers. Registered to carry out audit work and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales.