One of these interventions is to offer furlough as opposed to having to make redundancies..

The key principles surrounding this approach are:

• Employees will receive 80% of their basic pay (up to the £2,500 monthly cap).
• This will be paid in the normal way subject to normal tax, NI and pension contributions (if appropriate).
• The period of time that this will continue is unknown.
• The employees will stay employed while they are furloughed, but must not work.

This can be backdated to 1 March 2020 and is initially open for 3 months but could be extended if necessary.

The finer details of how the Scheme will operate have yet to be confirmed.  However, you can find out more information as it gets updated by going to https://gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses#support-for-businesses-through-the-coronavirus-job-retention-scheme

If you need any help/advice with how to move your employees to furlough status and any supporting letters, then please feel free to get in touch by calling us on 07951 356700.