Yesterday the Chancellor announced the Jobs support scheme to replace the furlough scheme from 1st November. This scheme is to support Employers that are having to reduce staff hours due to the Corona Virus. From 1st November any small company can access this scheme for 6 months. The Employer will pay the Employee as usual for any worked hours. For any remaining unworked hours the Employer will pay 1/3, the Government 1/3 and the Employee will suffer the remaining 1/3 in loss of wages. Please see www.hmrc.gov.uk for further details of how the scheme will work.
The latest news from PMC Partnership incorporating Pomfreys Accountants – 25th March 2024
From 6th April 2024 the National Minimum Wage for Employees 23 years and over will rise from £10.42 to £11.44. Please note this is the Employers legal responsibility to check their employees are earning at least this amount and inform the office to amend the payroll if required.