Posted: 11 November 2020
In an unexpected announcement the Chancellor announced the Coronavirus Job Retention Scheme will be extended until the end of March 2021.
There are some new, very important, deadlines to note.
For more information, deadlines and useful links please read: Client Update
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posted 10th November 2020
With changes coming into effect from 6th April 2021 HMRC have published an off-payroll working (IR35) guide with useful resources.
Please see the below links for the guide or to register for HMRC’s webinar.
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Posted: 09 November 2020
Posted: 05 November 2020
The Furlough Scheme has now been extended to March at 80%, the job retention bonus has been scrapped, and the self-employed scheme has also been extended at 80%.
There is a detailed policy paper setting out the changes at:
The terms of the furlough extension are summarised in the note on government support and also the Treasury press release, which can be found here:
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Posted: 02 November 2020
The self employed grant will be increased to 80% of eligible trading profits for November. This reverts to the previously announced 40% for December and January, as follows – quoted from the second document below:
- Today, the Government is announcing that we will provide even more generous support to the self-employed, and we are increasing the support to the self-employed from 40 per cent of trading profits to 80 per cent for November.
- As SEISS grants are calculated over 3 months, this increases the total level of the grant to 55 per cent of trading profits for November to January and the maximum grant will increase to £5,160.
Job Support Scheme guidance published and scheme postponed – Coronavirus Job Retention Scheme extended
Posted: 02 November 2020
On the eve of the Job Support Scheme (JSS) going live from 1 November 2020, the Prime Minister announced another period of lockdown in England, beginning on Thursday 5 November to last 4 weeks to 2 December 2020.
As a result of the lockdown measures, the Chancellor announced that the Coronavirus Job Retention Scheme (CJRS) otherwise known as the ‘Furlough Scheme’ would not cease on 31 October 2020 and would be extended to December 2020.
The new Job Support Scheme (JSS Open and JSS Closed) would be postponed until the furlough scheme ends.Read More
Posted: 22 October 2020
The Chancellor has announced major changes to the Scheme, which replaces the furlough scheme on 1 November.
See the BBC News article for an outline: https://www.bbc.co.uk/news/business-54644241Read More
Date confirmed for last Coronavirus Job Retention Scheme (CJRS) claim as the 30th November 2020.
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Posted: 02 October 2020
Full details have now been published of the scheme, which provides £1,000 bonus to employers retaining staff to January 2021 who had previously been furloughed:
An outline of the scheme can be found here: https://www.gov.uk/government/news/new-guidance-on-9-billion-job-retention-bonus-set-to-benefit-millions-of-businesses
Detailed guidance on the scheme is here: https://www.gov.uk/guidance/check-if-you-can-claim-the-job-retention-bonus-from-15-february-2021
For worked examples of the minimum threshold of payment to employees for the employer to qualify for the bonus visit: https://www.gov.uk/government/publications/find-an-example-of-employees-and-the-minimum-income-threshold-for-the-job-retention-bonus/example-of-employer-deciding-which-employees-will-meet-the-minimum-income-threshold-for-the-job-retention-bonus
Treasury Direction setting out the rules of the scheme – this is important as it sets out the actual eligibility for a claim, which is the legislation used in any disputes. https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/923783/SIGNED_CJRS_DIRECTION_No_4__Coronavirus_Job_Retention_Scheme_Bonus__Final.pdf
In the Treasury Direction there are some important time limits:
- No more claims under the furlough scheme after 30 November 2020 (para 3.1 of the Direction)
- Opening date for Job Retention Bonus claims 15 February 2021 (para 7.2)
- Last date for Job Retention Bonus claims 31 March 2021 (para 7.2)
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