Extension to the Coronavirus Job Retention SchemePublished on: 17 April 2020
HM Treasury has announced that the Coronavirus Job Retention Scheme (the ‘furlough scheme’) has been extended from 31 May 2020 to the end of June. See here for details.
The Chancellor said he would keep the scheme under review and extend it further if necessary.
The announcement comes two days after the Treasury caused much consternation with the wording of its direction to HMRC regarding the operation of the scheme, which in certain key respects contradicts the current published government guidance, and in others is at best ambiguous. I am in the course of digesting that document and preparing a blog in respect of its ramifications.
For our observations on the main aspects of the Scheme, and a link to the government’s current published guidance, click here.
For our regularly-updated wider guidance for employers on the impact of the virus outbreak, click here.