Payroll Deduction Scheme: Coronavirus

(asked on 11th November 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what plans his Department has to provide fiscal support to payroll giving organisations who have experienced a reduction in their transactions as a result of the covid-19 outbreak.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 20th November 2020

The Government recognises that businesses across the economy face lower demand due to the impact of Covid-19.

The Government has announced unprecedented support for businesses during the pandemic, for which payroll giving organisations are eligible. Measures introduced by the government include VAT relief and loan guarantee schemes. The application deadline for the loan guarantee schemes – Bounce Back Loan Scheme, Coronavirus Business Interruption Loan Scheme and Coronavirus Large Business Interruption Loan Scheme – has been extended to the end of January 2021.

Payroll giving organisations can benefit from the recent extension to the Coronavirus Job Retention Scheme until the end of March 2021. Furloughed employees will receive 80% of their current salary for hours not worked.

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