Job Retention Scheme – BPIF updated guidance 'what we know so far' – 25.03.2020
The Chancellor announced on Friday 20 March 2020 the Government will cover up to 80% of employee costs under the Job Retention Scheme if a business has no work for its employees.
However, the mechanics of how the scheme will work has not yet been announced by the HMRC, neither has the online application portal been built.
We have provided this information document for guidance purposes only based upon ‘what we know to date', and details may change once announced. Members are advised to be cautious not to furlough employees prematurely. We will we update our members as quickly as we are able when the HMRC release confirmed details of the scheme.
Downloads
COVID-19 Update - Job Retention Scheme - what we know so far updated
