Martin Sanchez unsplash kTMISiScL7YCoronavirus Flexible Furlough Scheme

The Coronavirus Flexible Furlough Scheme

 

The chancellor Rishi Sunak has now announced the scheme details for the Flexible Furlough Scheme.  The revised scheme was announced a couple of weeks ago and the final details were released on 12th June 2020.

The New Coronavirus Job Retention Scheme (CJRS) is known as the Flexible Furlough scheme as it is just that, flexible.  The existing scheme has worked well at helping to secure jobs which otherwise would have been lost in lockdown, when businesses had to close.

Now as things start to get back to normal, slowly to whatever the “New normal” is, you are able to take advantage of bringing your workers back part-time.  So if you can only keep your workforce in work for two days a week lets say then, under the rules of the new scheme, you pay them for two days and if they were working a 5 day week, the government will pay the 3 days they are on furlough.

This should help businesses who are not yet fully operational but do have the need to bring their workers back in to get ready for the return to “normal working” whatever and whenever that is.

Of course if you have a pub, restaurant, beauty salon or hairdressers salon and are still not able to open yet, you can of course, still take advantage of keeping your staff on full time furlough.  The payments you receive from the government do start to reduce though from August.

 

To find out more continue to read the full article here!

Flexible Furlough Scheme

 

 

If you’d like any help with this or any accounting issue then ping us an email to wecare@kmaaccountancy.co.uk or give us a call on 0161 410 0020.

Disclaimer
The comments above do not count as advice on which you should rely on. It is provided for general information purposes only. Professional or specialist advice should always be sought before taking any action relating to the above. We make no representation, warranty, or guarantee that the comments above will meet your requirements. The comments above are subject to change.
It is important that you take professional advice before making any decisions based on the information that you learnt here. While every effort has been made to make sure it is accurate it cannot be precisely tailored to your personal circumstances.This article is for general information only and no action should be taken, or refrained from, as a result of this information.  Professional advice should be taken based on specific circumstances in each individual case.  Whilst we endeavour to ensure that the information contained in the article is correct, no liability  will be accepted by KMA Accountancy which is a trading name of Kim Marlor Associates Ltd or damages of any kind arising from the contents of this communication, or for any action, inaction  or decision taken as a result of using any such information.  We are not making any recommendations on anything contained in this post  or the guide.  
Photo by Martin Sanchez on Unsplash

 

 

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