As job losses continue to rise, questions are being asked if the UK government will create a new scheme to help businesses recover from the COVID-19 crisis. Some key economists and labor unions are asking the UK government to identify how to help employers after the 31 October expiration of the Coronavirus Job Retention Scheme.
There are several ideas to consider including reducing pension increases over the next several years, evaluate sick pay, and helping small businesses pay employees beyond 31 October. These measures must be carefully considered to balance the loss of jobs, the uncertainty of the economy, and how new programs will affect workers and businesses.
Payroll impacts have been massive since the COVID-19 crisis began. Changes to the sick pay rules and furlough scheme has caused challenges for most payroll teams. Preparing for new changes is one more issue to consider. If you need help with your payroll process, our CIPP-certified staff can help ensure compliance. With customised reporting, integrated HR, and direct filing with HMRC, we can simplify your payroll process and keep your employees paid accurately and on time.
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