Job retention scheme & furloughed employees FAQs

Here are some of the latest details on the recently announced Job Retention Scheme and furloughing employees:-

• HMRC's portal will go live on the 20th April 2020. To access the portal, you will need to be registered for PAYE online. If you need assistance in doing this, please get in touch. Please note that registration can take up to ten days.

• All furloughed employees must be notified by writing and the records of all communication must be retained for 5 years. 
• Directors can be furloughed and still carry out duties to fulfil statutory obligations.  However, they cannot complete any other work for the company

Read in full our latest update, which answers some frequently asked questions.

Update on the Coronavirus Business Interruption Loan Scheme (CBILS)

Launched on the 23rd March, the Coronavirus Business Interruption Loan Scheme (CBILS) is designed to help SMEs access bank lending and overdraft facilities during the Coronavirus pandemic. However in response to significant criticism levelled at both the Government and lending institutions, a number of changes have been announced. Read more

Landlords & tenants updated guidance

Many of our clients own second properties, which are rented.  You may find the recently release guidance by the Government useful to ensure that you continue to meet your obligations during the ongoing Coronavirus situation.  Read more

And don't forget about Business Support Grant Funds

There are two grant funding schemes available, the Small Business Grant Fund and the Retail, Hospitality and Leisure Grant Fund.  Local Authorities will be contacting eligible businesses directly to arrange payment of the grants.  

For further information
Small business grant and retail leisure and hospitality grant guidance for businesses

Stay in touch with us at DRG

During the COVID-19 pandemic, the DRG team will all be working from home and as far as possible providing our usual service.

We appreciate that it is an extremely challenging time for everyone - so please feel free to pick up the phone to talk through with us any issues you might have. We would be delighted to hear from you.

Our direct dial telephone numbers can be found on our website.