COVID-19 – ICAS fact sheet – Job Retention Scheme (JRS)

Justine Ricommini By Justine Riccomini, Head of Taxation (Scottish Taxes, Employment and ICAS Tax Community)

6 April 2020

Justine Riccomini explains what ICAS is doing for its members in relation to the Job Retention Scheme and other COVID-19 measures over the coming weeks.

ICAS JRS Factsheet

The tax team has prepared a fact sheet on the Job Retention Scheme as of 31 March 2020, and we are intending to update this in around two to three weeks’ time as more information and guidance is produced by HMRC.

Coronavirus Hub

In order to support you, we have created a dedicated coronavirus hub which provides you with a centralised source of information and resources. Once in the hub, it is split into dedicated sections for you, your practice and your clients or general business.

You can click on each of the headings to delve further into each area, and there is a handy list of information and resources for members, which we are adding to regularly as the information comes in.

CA Connect and the Technical Helpdesk

There is also information updated and the opportunity to discuss with other members on the COVID-19 thread within the Practice Points topic on CA Connect forums. And don’t forget that you can always access support through the Technical Helpdesk which covers Audit and Accounting, Tax, Practice Support, AML and Ethics.

Webinars

We delivered our first COVID-19 webinar on Thursday 2 April and the event was attended by almost 400 members, with over 150 questions submitted to us before, during and after the webinar. The link to a recording of the webinar will be available shortly.

In the coming weeks, we will look at the impact of coronavirus on other aspects of business and the profession. The webinar on 9 April will focus on Accounts and audit, particularly private companies and also why cash remains king and director responsibilities through this challenging time.

Links to sign up to this webinar and other webinars in the series this month will be available shortly.

Other assistance

You can also email your questions to tax@icas.com and we will do our best to provide you with a useful response or direct you to the available guidance.