Despite the Coronavirus Job Retention Scheme, many employers are deciding to make employees redundant. Where an employee has been on a reduce salary from being furloughed, their normal salary must be used when calculating redundancy pay. Read more here.
The Coronavirus Job Retention Scheme (CJRS) has provided a lifeline to millions of employees and their employers during the Covid-19 pandemic. As at 19 July 2020, 9.5 million employees had been furloughed by 1.2 million employers, benefitting from support totalling £29.5 billion. As with all good things, the CJRS must come to an end. The …
HMRC have published guidance for employers on the tax treatment of various expenses and benefits provided to employees during the coronavirus pandemic in which they specifically address the extent to which a company car remains available for an employee’s private use. We explain what it means in practice in today’s blog.