Need to Know: Important HMRC updates for businesses

We bring you the latest news from Government, the legislation you need to know, and what’s going on in the wider GCMA world…

This week: HMRC update issues its monthly Employer Bulletin including updates and information on Covid-19, the Job Retention Scheme, VAT deferral and the National Minimum Wage Update
CORONAVIRUS JOB RETENTION SCHEME
The Government is continuing to pay 80% of employees' usual wages for hours not worked, up to a cap of £2,500 per month, up to the end of June. HMRC say that: "For periods in July, CJRS grants will cover 70% of employees’ usual wages for the hours not worked, up to a cap of £2,187.50....
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