The Coronavirus Job Retention Scheme - in its final form?

The afternoon of 15th April 2020 saw the Treasury issue a direction to HRMC, in accordance with its powers derived from ss.71 and 76 Coronavirus Act 2020, to operate the Coronavirus Job Retention Scheme (‘CJRS’), which is to be applied in terms of the Schedule attached to the direction.

This article (as attached) seeks to try to distil the Schedule and several adjustments which have followed.

Paragraphs 2.1 – 2.5 set out the purpose of CJRS. Unsurprisingly, it is to allow employers to claim reimbursement for ‘the costs of employment’ they would otherwise incur for ‘furloughed employees’ arising from the ‘health, social and economic emergency’ created by ‘coronavirus and coronavirus disease.

For the full updated analysis for Barnaby Large please click here.