One day after the Coronavirus Act was passed (which brought in the new SSP rules), we have finally received guidance from the Government on the announced Coronavirus Job Retention Scheme and how it will work. There is no reference in the guidance to legislation and it is not clear whether there will be any, or whether HMRC will simply rely on this guidance. However, a lot of the questions we have all been asking for the last week have been answered.
We have broken down the key points below.
What does 'Furlough' mean?
What can you pay and what can you reclaim?
What process do you need to follow?
What about employees already on leave?