The legislation provides that failing to meet the working time requirement as a result of COVID-19 will not trigger a disqualifying event causing holders to forfeit their tax advanced status. This measure applies for the period beginning on 19 March 2020 and ending 5 April 2021.
If you would like to discuss this article further please contact Lisa Hayward, Head of Employee Incentives at Birketts.
The content of this article is for general information only. It is not, and should not be taken as, legal advice. If you require any further information in relation to this article please contact the author in the first instance. Law covered as at August 2020.