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The Government has confirmed that the exception, which was announced on 21st July 2020, that ensures that employees who are furloughed or suffer reduced working hours as a result of the coronavirus will continue to meet the working time requirements, will be legislated and have effect until 5 April 2022.
Furthermore, alongside the Budget 2021, the Government has published a consultation on how the current Enterprise Management Incentive (“EMI”) scheme can be expanded, following Brexit and the removal of the state aid restrictions. This is to ensure high-growth companies can effectively recruit and retain key employees. We will, of course, be participating in this consultation process and will let you know our thoughts on this area in due course.
Tags: Brexit
Contact our specialist team
- Emma Bird – Tax Transactions Director
- Tel +44 (0)20 7832 0444
