The Chancellor, Rishi Sunak, has announced an extension to the Furlough Scheme until October 2020.
Full details have not been published but the key headlines are:
1. Current set-up is extended to 31 July - Government will cover up to 80% of furloughed employers wages.
2. From August, employers will be able to bring back furloughed workers on a part time basis
3. Employers will pay part time portion of wages and government will make up the difference to ensure employees receive 80% of their salary up to £2,500 per month.
Full announcement here: https://www.gov.uk/
There have been no further announcements for the self employed sector or for limited company directors.
As always, we will keep you posted.
All the best
Azure Accountants Epsom, Surrey