The government has announced a number of changes to the Coronavirus Job Retention Scheme – more commonly referred to as ‘furlough’. These changes started to take effect from 1 July.
To help SMEs understand the changes and how they apply to them we have produced a handy guide – Everything SMEs need to know about Furlough.
Covering everything from what is furlough, what are the changes, how to make claims and record-keeping; right through to eligibility, how to calculate claims and bringing employees back from furlough, this guide provides essential guidance to all SME businesses.
Commenting on the guide, Mark Lello, Partner said; “The furlough scheme has provided vital support to SMEs over the past few months. With significant changes coming into effect from 1 July, we are receiving an increasing number of queries from SMEs who need help and guidance on the practical aspects of having employees on furlough.
As businesses look to getting back to some form of normal and start to ‘re-open’ they are faced with some crucial decisions. This guide has been produced to help SMEs consider the implications for their business and guide them on the choices they have. It also provides practical guidance on how they can start to bring back employees from furlough, whilst ensuring they do things correctly and understand, and continue to get, the support they are entitled to.”