Guidance on the Coronavirus job retention scheme - The furlough scheme

ICAEW Tax Faculty has now published guidance on the Coronavirus job retention scheme (The furlough scheme)

Following discussions with HM Treasury and HMRC, ICAEW Tax Faculty has produced detailed guidance setting out our understanding of the Coronavirus job retention scheme (The furlough scheme) and how this will work based on the information published so far.

We have incorporated a series of Qs&As based on the questions businesses have been asking and given our best interpretation of the rules.

This scheme is an extremely important element in the fight to keep UK business functioning and in keeping people employed during the time when they aren't allowed to work, ie while they are furloughed.

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