Her Majesty’s Revenue and Customs (HMRC) has issued its sixth update to the Coronavirus Job Retention Scheme Guidance (Guidance). Separately, the UK Treasury has issued a Treasury Direction (Direction) to HMRC setting out the legal framework for the Scheme. There are few points that have been clarified in the Guidance, but there is one glaring inconsistency between the Guidance and the Direction that will be of understandable concern to employers – the requirement that there is a written record of the furlough arrangement.
UK Coronavirus Job Retention Scheme: Significant Developments
By Katie Clark and Paul McGrath on April 28, 2020
Posted In Employee Benefits, Employment
Katie ClarkKatie Clark has significant experience advising on all aspects of contentious and non-contentious employment matters. Katie’s client base spans multiple business sectors and includes global corporations, financial institutions, FTSE 100 companies, manufacturing companies, service providers and start-ups. Katie is noted for her commercial approach to assisting clients to deal with employment issues ranging from day-to-day employee relations, to negotiating public limited company (PLC) board director contracts and significant business restructuring. Read Katie Clark's full bio.
Paul McGrathPaul McGrath advises clients across a broad range of industry sectors in all areas of contentious and non-contentious UK employment law. His practice covers all aspects of UK employment legislation and day-to-day employment matters, including appointments and terminations, employment status and worker classification issues, employee handbooks and policies, employee data privacy, disciplinary and grievance issues, and restructuring and redundancy exercises. Read Paul McGrath's full bio.
Related Posts
- Employers and Artificial Intelligence: Six Pitfalls to Watch Out For
- California’s “Right to Recall” Law: What You Need to Know
- VIDEO: The COVID Vaccine – Understanding What’s Next
- COVID-19 Ate My Homework – Recent Extensions and Relief for Retirement Plans
- Globally (Not So) Mobile Employees: Taxation of Equity Awards in a COVID-19 World
BLOG EDITORS
STAY CONNECTED
TOPICS
ARCHIVES
RECENT POSTS
- Mature ESOPs: Remodeling the House You Own
- Proposed Minimum Distribution Regulations Prompt Concerns
- New Jersey High Court Upholds Jersey City Payroll Tax
- See What’s Next with McDermott+Consulting’s 340B Ligitation Tracking Tool
- Homework and Deadlines Matter: New IRS Pre-Audit Compliance Program for Retirement Plans
