HMRC umbrella company ‘checking tool’ looms for workers
Umbrella company consultation response and guidance due from HMRC, as more details come out on Tax Administration and...
READ MOREFurlough scheme extension could cost £70bn
The added support of the Chancellor’s extension to the Coronavirus Job Retention Scheme could only be available to companies ‘currently using’ the scheme.
So far, some 7.5m employees have been furloughed, at a cost approaching £10bn. The expected costs to the end of July are likely to be around £50bn, with the extension at a reduced level to the end of October perhaps costing a further £20bn, according to Blick Rothenberg. These sums amount to around 10% of total government receipts.
Read more at the Accountancy Daily.
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'Only allowing part-time furlough work from August doesn’t make sense'
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