Due to the rising of coronavirus cases across the UK, the government implemented a new lockdown that is extended until 2 December. As a result, thousands of “non-essential” businesses must close, with employers facing unmeasurable challenges in the coming months. How will the new furlough extension impact employers?
The new extension to the furlough scheme will help the economy by keeping jobs, support employers, and attempt to avoid a recession in the UK. As many businesses rely on the holiday months for a substantial amount of annual revenue, this new lockdown will place stress on many employers. The extension will help by paying employees up to 80% of wages and ensure employers can retain their workforce for the future.
If your business is affected by the new furlough extension, we can help. There are several steps to take when claiming and filing for rebates and grants from the UK government. Our team is CIPP-certified and can help you navigate the process while ensuring compliance. We have easy-to-use payroll technology with customised reporting that simplifies the process.
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