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80% rule salary payments liable for income tax and NICs

Individuals will be deducted income tax and national insurance contributions (NICs) on the 80% salary subsidies paid under covid-19 emergency employment measures for furloughed workers, but self employed are still waiting for support package. 

80% rule salary payments liable for income tax and NICs
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  • Shared by Accountancy Daily
  • March 25, 2020
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Under the Coronavirus Job Retention Scheme all UK employers will be able to access support to continue paying part of their employees’ salary for employees that would otherwise have been laid off during this crisis, although it is still not clear how payments for zero hours workers will be calculated.

Read more at the Accountancy Daily. 

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