HMRC clarifications on Coronavirus Job Retention Scheme
Raphael Coman
![Raphael Coman]()
Raphael Coman
Tax accountant, Tax Returns, VAT, payroll, small company, contractor, IHT and CGT tax advice, property, finance, medical, construction and service sectors
Salary is by reference to prior period to prevent manipulation of March pay. For grant purposes, gross pay includes employer’s national insurance and statutory minimum pension contributions.
A director can be a furloughed employee but cannot work. If a director is the only worker in the company, a claim would be at odds with any income activity during the period of the claim. Grant is paid to employer. Both employer and employee remain subject to tax, NIC and pension contributions on all wages.
Chartered Accountant. Specialising in accounts and tax for healthcare professionals including locum GPs, osteopaths, chiropractors podiatrists, physiotherapists and nutritionists.
4 年Thanks, do you have a link for this, or did I miss it.