Need to Know: Latest updates on CJRS and VAT deferral

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 issue their monthly updates on the Coronavirus Job Retention Scheme and the VAT Deferral New Payment Scheme
CORONAVIRUS JOB RETENTION SCHEME
The deadline for Coronavirus Job Retention Scheme claims for periods in May is Monday, June 14. The government will continue to pay 80 per cent of employees’ usual wages for the hours not worked, up to a cap of £2,500 per month, up to the end of June. From that point, CJRS grants will cover 70 per cent of employees’ usual wages for the hours not worked, up to a cap of £2,187.50....
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