BDO update on furlough payments
12 December 2020
Accountancy and advisory firm BDO LLP has announced today that it will be returning the £4.1m of furlough money back to the Government.
Paul Eagland, Managing Partner at BDO, said:
“BDO accepted £4.1m of furlough money from the Government in order to protect jobs that were otherwise at risk. We were planning to review paying this back at the end of our current financial year, which is June 2021. Recognising the public mood requires a much quicker process, we have accelerated this and we will be returning the money before Christmas.”
ENDS
Note to editors
Accountancy and business advisory firm BDO LLP provides integrated advice and solutions to help businesses navigate a changing world.
Our clients are Britain’s economic engine – ambitious, entrepreneurially-spirited and high-growth businesses that fuel the economy.
We share our clients’ ambitions and their entrepreneurial mind-set. We have the right combination of global reach, integrity and expertise to help them succeed.
BDO LLP
BDO LLP operates in 18 offices across the UK, employing 6,000 people offering tax, audit and assurance, and a range of advisory services. BDO LLP is the UK member firm of the BDO international network.
BDO’s global network
The BDO global network provides business advisory services in 167 countries, with 91,000 people working out of 1,658 offices worldwide. It has revenues of $10.3bn.
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