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Re: Guidance issued by ICAEW

By Ian Chesterton25/3 22:27Wed Mar 25 22:27:11 2020In response to Guidance issued by ICAEW

Views: 347

Thanks Pinner, very helpful, I will have a lot of reading to do to advise my clients.

In your example of the £2K salary, where the total costs is £2,174 and the employees net pay is £1,665, and the Grant received is £1,739 - how much does the employer actually pay the furloughed worker?

£2,174 costs less £1,739 Grant = £445 shortfall.

So is the employee paid £1,665 net pay less company's shortfall of £445 = £1,220?

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Next article in this thread: Re: Guidance issued by ICAEW by Pinner Stones25/3 20:48Wed Mar 25 20:48:07 2020

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