Hi and welcome. This is Gordon. You've probably had some payroll information for your annual payroll in the last couple of days. Just so you know, the government has said that you don't need to pay it for the next three months. Now, you still will have to pay it off after three months, but you don't have to pay it like now.
So if you are short of cash and you want to delay payments. There'll be no penalties. We understand there's nothing in writing on these things. It's just announcements. So you have to excuse us with John and give you the best advice, but we're sort of caught between giving you the right advice, but also not having the written form or for just a vacation that says it's going to be okay.
So you don't need to it the next three months. If you can afford to pay it and nothing's going to change to that. . Then you should pay it. If you can afford to pay it now, but you don't know if you're going to need the cash in due course, please don't pay it. Wait three months. See what happens. If may be extended and maybe six months, it may be 12 months, we don't know, but if you need the cash or you're not sure, you don't need the cash.
Things. Don't pay it until you have to. Or this is Gordon signing off. Thank you for being part of the team out of the part of the group and keep yourselves in good spirits. Keep yourselves healthy, please. Self isolate and you're saving lives by doing that. And I'm going to be doing my daily a summary of what's happening.
Business wise with a CoVid19 in the next couple of hours. Take care all the best. Bye.
Links
Business Support: https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses
Support for those affected: https://www.gov.uk/government/publications/support-for-those-affected-by-covid-19
CoVid-19 Action Plan: https://www.gov.uk/government/publications/coronavirus-action-plan
Guidance for employees: https://www.gov.uk/government/news/coronavirus-covid-19-guidance-for-employees-employers-and-businesses
Claim for wage costs through the Coronavirus Job Retention Scheme: https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme
