This website uses cookies to ensure you get the best experience. Please read our policies for more information.

10 Chartered Accountants

News

Layoffs owing to reduced work
31 March 2020

It is possible that businesses, especially those in certain sectors, will see a reduced workload as a consequence of Coronavirus.

In these circumstances, and where allowed for in the contract of employment, employees can be laid off temporarily.

Employees who are laid off must be paid a guaranteed payment of up to £29 a day, for five days in any three-month period up to a maximum of £145. After four weeks, employees may be able to request that they are made redundant.

In most cases, businesses are likely to make use of the Coronavirus Job Retention Scheme now that it is available to employers.

Here to Help

If you require assistance with your payroll or have queries regarding any of these measures, please contact our team today.

Other recent news

Company Electric Car – HMRC introduces two separate rates
07 October 2025

HM Revenue and Customs (HMRC) has announced its latest updates…
Read more

HMRC updates the factsheet for self-review of the National Minimum Wage
07 October 2025

With changes expected to be announced about the UK’s current…
Read more

New shareholder dividend reporting requirements are fast approaching
07 October 2025

The 2025/26 financial year will bring new reporting requirements for…
Read more

The dangers of non-compliance with the new Companies House ID verification
07 October 2025

From 18 November 2025, identity verification will be mandatory for…
Read more

Big changes are coming to FRS 102 – How can you prepare?
07 October 2025

From January 2026, FRS 102 is going to be changing…
Read more

»

Case Studies