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Many industries have been rocked by the ongoing coronavirus pandemic. As the smallest entity in supply chains, contractors will be among the hardest hit by the virus lockdown.
For many contractors, the Coronavirus Job Retention Scheme (CJRS) has been a valuable source of support when other work has dried up.
Because umbrella companies employ umbrella contractors on a PAYE system, contractors have had the opportunity to receive furlough payments since the scheme was announced.
We hope you are staying safe in these testing times.
The Job Retention Scheme has been announced by the government to support those PAYE workers who have been laid off due to the coronavirus.
Unfortunately as a business we are restricted by the pace in which the government releases the detail. The Directors here at umbrella.co.uk are in talks with our employment lawyers continuously about the Job Retention Scheme as well as liaising with industry bodies like the FCSA & APSCo. See the latest response from the FCSA here.
Rest assured we are hoping to be in a position where those whose assignments are terminated due to Covid 19 are able to be furloughed. However, until we are comfortable with the detail we cannot provide you with confirmation.
Once we have the full detail from the government in terms of how furlough payments can be processed for umbrella employees, we will be back in touch with the information you need.
Government guidance issued on 4 April confirms that Company Directors are eligible to be furloughed and receive support through the Coronavirus Job Retention Scheme (CJRS). This is welcome news as Directors could get paid 80% of wages, up to a monthly cap of £2,500.
If the furlough option is followed, the Director may not work for a minimum 3 week period and may only carry out statutory duties set out in the Companies Act 2006. The decision to furlough should be formally adopted as a decision of the company, noted in the company records and communicated in writing to the Director(s) concerned.
If you require further information regarding furlough, please email furlough@umbrella.co.uk or follow the following useful links:
Keep well and stay safe. We will continue to update you with any relevant information.
Good Afternoon
We are awaiting further information from government in relation to the Government’s planned job retention scheme / furloughing workers receiving 80% income.
We are hoping that the job retention scheme will be applicable to umbrella, but we do not actually know for certain at this stage.
The situation is changing on a daily basis and we will keep you informed of all developments that we are aware of.
Please find some useful information about Recruiters and the Coronavirus Job Retention Scheme here.
Nick Holmes, CEO.
