As we noted in our previous blog post here the UK Government announced the new Coronavirus Job Retention Scheme by which employers can apply to HMRC for a grant to cover most of the wage costs (up to 80%) of salary of workers who are temporarily not working but kept on the payroll (furloughed workers)
On 26 March the UK Government announced a package of support to self-employed individuals. The main points of the proposal are:
The UK Government is setting up a new Coronavirus Job Retention Scheme which will help employers pay their workers’ wages. Any employer (regardless of size or sector type) will be eligible for the scheme. Employers can apply to HMRC for a grant to cover most of the wages (up to 80%) of salary of workers