Employment Related Securities and COVID-19 Job Support Scheme

For the employee, For the employer, Job Support Scheme 1 Minute

Although the Coronavirus Job Retention Scheme is ending on 31 October 2020, it is being replaced with the Job Support Scheme.

HMRC confirm that employees working less than their usual hours and eligible for the scheme will be treated as being part furloughed for the purpose of SAYE.

The extended payment holiday continues to apply to these participants who miss contributions whilst receiving payments under the new Job Support Scheme.

Continuing review during COVID-19

HMRC continues to review the impact of coronavirus across all tax- advantaged share schemes and will provide updates when necessary.

To find out about Enterprise Management Incentive (EMI), Save as you Earn (SAYE) extended holiday and continued impact of coronavirus (COVID-19) on employee share schemes:

Guidance
Employment Related Securities
Bulletin 37 (October 2020)

PAYadvice.UK 31/10/2020

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