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ICAEW Tax Faculty have provided further guidance on areas of the Job Retention Scheme where there has been uncertainty.

The two areas we feel are of particular interest and could potentially catch employers out are:

8: Treatment of Holidays and Bank Holidays; and

9: Whether furlough periods can be extended.

The full details are on the ICAEW website and can be assessed here.

If you would like to discuss this further, please get in-touch with your usual contact at Claritas Tax. Alternatively you can follow our updates on LinkedIn.

Recent updates

The world of tax is constantly changing, so keep up to date on all our news, views and opinions

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22 June 2020

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A useful update from HMRC on the impact of COVID-19 on share schemes

18 June 2020

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