Furlough update: HMRC issues new guidance to help Britons as scheme winds down
Furlough, otherwise known as the Coronavirus Job Retention Scheme, has provided millions of people with support throughout the pandemic. However, the scheme is set to draw to a close, finishing in September as part of the Government’s plans to “unlock” the country. Before the scheme ends, however, it is being slowly phased out, with businesses required to take on additional responsibilities.
For those who are furloughed themselves, or individuals responsible for furloughing others, understanding the new rules under the scheme will be important.
Some have expressed confusion about the kind of responsibilities they may have to take on, or what the changes will mean for them personally.
To clarify the matter, HMRC has issued new guidance as it relates to the scheme through a pre-recorded webinar.
Some 48 minutes long, the video explains in detail the key elements of furlough and what is to happen next.
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