Since the Chancellor’s initial announcement on 20 March 2020, the Government has now published fresh guidance, providing further information on the Coronavirus Job Retention Scheme (JRS).
The scheme is open to all UK employers (including charities, recruitment agencies and public authorities) that:
Employers can use the scheme anytime during a period starting from 1 March 2020 and ending no earlier than 1 June 2020.
It is unclear how the JRS will apply in practice for a one person company or any owner /managed business where almost inevitably the employee/director(s) will have to undertake some services to keep the company going.
If you would like any additional advice on the above, please contact your adviser.
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Source: Techlink
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