“The extension to the Coronavirus Job Retention Scheme was announced with little to no preparation time for payroll departments. How have the changes to Government measures to help businesses deal with coronavirus affected you?”
The most popular answer highlighted the fact that the delay to the guidance on the topic of the extension to the CJRS meant that businesses could not plan effectively, as full guidance was not published until 10 November 2020.
Conversely, 25% of respondents confirmed that they welcome the introduction of the extension to the Coronavirus Job Retention Scheme, as it will help to save a number of jobs and keep the business afloat. This shows quite a prominent divide between those who are thankful for the extension to the scheme, and those who have been hindered by the late delivery of guidance on the topic. Interestingly, 23% of answers revealed that there was no intention to use the extended CJRS within businesses, so the fast-paced rate at which support measures changed did not have a significant impact on those companies. Lower response rates were observed for those who stated that they were relying on payment of the Job Retention Bonus (JRB) in February 2021 (7%), which has, like the JSS, been postponed for now. 3% indicated that there had been an increased administrative burden due to planned redundancies which no longer need to happen. 2% selected the ‘Other’ option, and an email was received into the Policy inbox which confirmed that a member felt that the extension of the CJRS was welcomed by the business, however, there is now a recruitment freeze in that business, but it was hoped that the extension to the scheme will serve to prevent job losses.
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New Quick Poll: What impact will the delayed Budget have on you and your company? 20 November 2020
It was recently confirmed that a Budget would not be held until March 2021, which is the month prior to the commencement of the new tax year, 2021-22, on 6 April 2021.
The CIPP’s Policy and research team wanted to assess what impact this could potentially have on payroll professionals and more, broadly, businesses in general. A new Quick Poll has been published, which asks the question:
“Now that we have confirmation that a Budget will be delivered in March 2021, how significantly will the delay impact you and your company?”
We are conscious of the fact that payroll professionals are extremely busy at current, but the Quick Poll will take less than a minute to complete and will give the team valuable insight into how the delay to the delivery of the Budget is affecting payroll teams and companies.
It has also been confirmed that Chancellor of the Exchequer, Rishi Sunak, will be delivering a one-year spending review on 25 November 2020, so it may be the case that certain details are outlined then.
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Quick Poll results: 33% confirm that the delayed Budget will have a substantial impact 2 December 2020 As it was confirmed that a Budget would not be delivered until March 2021, the CIPP’s Policy and research team wanted to assess what effect this would have on anybody working within the payroll sphere, and so posted a Quick Poll on the CIPP’s News Online page.
The question asked:
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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