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READ MOREAccountants welcome CJRS update
HMRC’s updated Coronavirus Job Retention Scheme (CJRS) has been welcomed by accountants as it offers a transparent brief on claimants’ eligibility – particularly furloughed workers and the amount employers can claim to cover.
“The CJRS is a positive measure allowing businesses to retain talent and reduce costs, while also guaranteeing a level of income for furloughed workers. Some smaller businesses are concerned that the scheme will cost them more than making redundancies, however HMRC will pay the employers’ NIC and minimum automatic employer pension contributions,” says Melissa Geiger, head of international tax at KPMG.
Read more at the Accountancy Age.
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