What Is Furlough Money Now, We Need Answers And We Need Them Now Says Fcsa Chief Executive Julia Kermode Fcsa
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The sum is a fraction of the 354bn handed out to firms.
Self assessment self employed accounts template uk. The furlough scheme is being extended until 31 march 2021. People will receive 80 percent of their current salary up to a maximum of 2500 of hours not worked. The tuc has welcomed the extension of the furlough scheme but its general secretary frances ogrady said.
Furlough payments will be extended at 80 percent for the duration of englands second lockdown. How is furlough changing from today. The coronavirus job retention scheme cjrs better known as the furlough scheme will be extended for another month following the announcement of a new national lockdown.
Under the coronavirus jobs retention scheme to give furlough its official title employees placed on leave receive 80 of their pay up. British companies have voluntarily returned more than 215million to hmrc after receiving it as part of the governments furlough scheme. Between march and july the government paid for 80 of furloughed workers wages up to 2500 a month and it also covered employers national insurance ni and pension contributions.
The furlough programme which paid the wages of almost 10million brits is coming crashing to an end. The chancellor must fix the scheme so their pay is topped up to 100. The furlough scheme will now run until december.
The treasury hasnt given a precise end date though the chancellor rishi sunak tweeted that it would run another month. Its not right to ask millions of low paid workers on furlough to survive on less than the minimum wage.
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