All these government grants are not supposed to be for “New Business Start-ups” - they are supposed to prevent businesses currently losing money from closing down in the first place.
If you take the money then - surely to take it, and THEN close down ANYWAY - would amount to a serious FRAUD?
Today is the day Firms put in for Furlough grants - isn’t it?
I can’t see many firms NOT putting in for something, but where does the money go once it is handed over for ■■■ number of staff on the books?
Paid straight over to already-furloughed zero-pay-since workers like Yours Truly?
…There will be a log-jam, even with the best of intentions…
The “Moral Hazard” option that firms have, of course…
…“Take the money based on ■■■ PAYE employed staff, then fabricate a reason why that money then stops there at the firm, and isn’t passed on as the 80% to the workforce payroll the exact amount per person not exceeding £2500 per month and 80% of that workers average wage over the past 12 months”…
FFS on THAT basis - I’m expecting the full whack backdated for the duration!
…of course Firms will then try to turn a profit on the transaction legitimately by giving that person back at least 20% of their former hours… One shift where they used to do 5 - would do, here, obviously…
Otherwise paying 80% of that “gardening leave” employee’s cost, whilst keeping them ON that gardnening leave - means the firm still have to foot a 20% bill - don’t they?
Maybe firms will try and “Shadow Sack” people, where a claim is made based on them “being on the books”, but when the employee pushes for the money - “Oh, we let you go over a month ago - didn’t you know? Oh sorry, your lay-off letter must have been lost in the post. Blame the post office.”
…However, that would mean the firm has then applied for a grant based on a false declaration that so-and-so member of staff was “on their books” for getting that grant, but “gone of their own accord” when it comes to paying them out.
I would strongly advise people currently on furlough then - NOT to “Resign” at this time. It isn’t as if there’s another job to go to anyways, eh?
https://www.centralbusiness.co.uk/general-articles/furlough-what-to-pay/
and of course the important bit with regards to PAYE agency workers:
It would seem that agencies should have been paying some kind of average amount already, but I appreciate that a lot of firms simply won’t have the cashflow to act thus, not with their staff going from max hours to NO hours in one step.
Thus, such firms should be getting their oar in today of all days (April 20th) and making that claim for the time we’ve been in lockdown to date AND the worker has received less than their normal pay, averaged over the past 11-12 months.
FFS any money at ALL would be nice - by the end of this week, to pay the month-end bills!
I read some people quibbling about “Ahh but 80% of my wage would take me to below minimum wage, so that amount I’ve been paid ain’t good enough”
Pffft! Wanna kick any income at all down the road for more weeks on end?
No thanks.
I ain’t gonna be moaning if I end up getting say, 80% of a ‘reduced average amount’, 80% of my net pay instead of gross average pay, ‘no 80% rebate of Tax and NI paid’, etc etc.
Just get that £2500 in my account by the end of this week for the past month already!
I can’t believe that no firm will be putting in for it - that’s for sure!
( no guests btw sticking to the guide rules like a good lad, so just me my wife and youngest lad.)
[emoji38] ) … and generally putting a positive spin on a crap situation.
) … and generally putting a positive spin on a crap situation.