Claim for 80% of your employee’s wages plus any employer National Insurance and pension contributions, if you have put them on furlough because of coronavirus (COVID-19). Before you start You’ll need to: Check if you can claim for your employees’ wages through the Coronavirus Job Retention Scheme Work out 80% of your employees’ wages to…
Convertible loans for innovative companies impacted by coronavirus The government has announced a new scheme to issue convertible loans to innovative companies which are facing financing difficulties due to the coronavirus outbreak. The Future Fund scheme will issue loans to UK-based companies ranging from £125,000 to £5 million, subject to at least equal match funding from private…
Find out how to calculate 80% of your employee’s wages, National Insurance Contributions and pension contributions if you’ve furloughed staff due to coronavirus (COVID-19) You can claim for 80% of your employee’s wages (even for employees on National Minimum Wage) – up to a maximum of £2,500 per month. You’ll still need to pay employer…
