Business and Tax News - Jrs

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July 13th 2020
Tax Week 15
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JRS - NEWS

OBR Forecast Shows Costs of Job Retention and Self Employed Support Schemes

UK BUDGET

OBR Forecast Shows Costs of Job Retention and Self Employed Support Schemes

The updated forecast was published today to show the cost to the Treasury of the direct economic parts of the pandemic response, including income support schemes, JRS and SEISS.
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Furlough Scheme for PAYE Employees Extended Until End of October

PERSONAL TAX

Furlough Scheme for PAYE Employees Extended Until End of October

Furloughed staff will continue to receive 80 percent of salary up to a £2,500 max - but changes to support amounts will come in from August.
Furlough Scheme Could Be Tapered Or Wound Down As Lock-down Lifts

PERSONAL TAX

Furlough Scheme Could Be Tapered Or Wound Down As Lock-down Lifts

Chancellor considering ideas to reduce furlough payments gradually as the economy re-opens with the incoming easing of lock-down restrictions.
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