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.

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.

acca.png sage-acc-club.png
About us

PPK Accountants Limited was established in 2001

We continue to build on our enviable reputation for providing excellent advice and first class service to our business and personal clients alike...

Contact details

0118 979 8888

PPK Accountants Limited, Sandhurst House, 297 Yorktown Road, Sandhurst, Berkshire GU47 0QA

© 2020 PPK Accountants Limited. All rights reserved. We use cookies on this website, you can find more information about cookies here. powered by totalSOLUTION

Company registration number 04400644. Registered in England at the above address. ACCA reference number 8010727.
Registered as auditors in the United Kingdom by the Association of Chartered Certified Accountants.
Director: James Brooks FCCA MAAT