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Coronavirus Job Retention Scheme Extended

On 12th May the chancellor announced further information in relation to the extension of the existing job retention scheme. The key points from the announcement were as follows:

  • The scheme will be extended to 31 October 2020 (previously 30 June 2020);
  • The scheme will operate unchanged from existing rules until 31 July 2020;
  • From 1 August ‘new flexibility will be introduced’ allowing employers to bring back furloughed workers on a part time basis. From this date employers will be expected to contribute to payments to furloughed workers, with the government also continuing to contribute. This will see workers continue to receive payments of 80% of salary costs, but via a combination of employer and government contributions; and
  • There will be no sector or geographical restrictions imposed.

Full details of the changes to the scheme effective from 1 August 2020 will be released by government by the end of May 2020.

Future details will be available on our website here: https://www.cliveowen.com/coronavirus-financial-support-for-businesses-summary/

Working Safely During Coronavirus Guide

Yesterday the government published new guidance to help businesses ensure that their workspaces are as safe as possible during the current COVID-19 crisis.

There are eight guides, recognising the fact that many businesses operate more than one type of working environment.  Links to all eight guides can be found on our Coronavirus index page on our website here: https://www.cliveowen.com/coronavirus-financial-support-for-businesses-summary/

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Co Durham, DL3 7RT

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Registered to carry on audit work and regulated for a range of investment business activities by the Institute of Chartered Accountants in England & Wales. Clive Owen LLP is a Limited Liability Partnership, registered in England and Wales. Registration number: OC312218

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