Reinstate Percentage Threshold Scheme (PTS) for Statutory Sick Pay payments

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Reinstate Percentage Threshold Scheme (PTS) for Statutory Sick Pay payments

Petition Details

PTS was historically available when SSP cost was higher than 13% of a business's monthly NI costs - ideally this should temporarily lowered to 5%

Additional Information

Businesses are already suffering increased costs due to COVID-19 due to supply chain issues. If the government is interested in ensuring the economy copes with the impact of this disease then they need to ensure businesses survive the year!

Because many business walk a very fine line of making a profit or not, and cash flow is the number one factor that brings down a company. Government needs to help share the burden of SSP during this period - especially as they have stated it will be claimable from day ONE of absence if due to COVID-19

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