September Is The Last Month For CJRS “Furlough” Grants
The Government are pulling the plug on support to employers for furloughed staff at the end of September as they anticipate that the economy will be back to normal by October. The grant claims for employees furloughed in the month of September are 60% of the employee’s usual pay up to a maximum cap of £1,875.
Coronavirus Job Retention Scheme
The Guidance has been updated to reflect that 30 November claims deadline has now passed. There is a new section on holiday pay updated with further clarity on when employees can be furloughed.
Coronavirus Job Retention Scheme (CJRS)
The CJRS has been extended to 31 March 2021 for all parts of the UK and HMRC has updated its guidance. From 1 November the Government will pay 80% of employees’ usual wages for the hours not worked, up to a cap of £2,500 per month. The government will review the terms of the scheme in January.
Update on Government Financial Supports
On 5 November the Chancellor announced increased financial support and made policy announcements summarised in this article, full details can be found on the economic support factsheet.
Coronavirus Job Retention Scheme and Self-Employed Income Support Schemes extended
Chancellor Rishi Sunak announced on 12 May that the CJRS scheme will be extended until the end of October. The scheme will continue in its current form until the end of July with the Government paying 80% of employees wages up to £2,500 a month. For account purposes the amounts received should be credited to a “grants received” account, and this will therefore increase taxable profits of the business.
Coronavirus Job Retention Scheme Changes
From 1 July 2020, Businesses will have the flexibility to bring previously furloughed employees back to work part-time – with the government continuing to pay 80% of wages for any of their normal hours they do not work up until the end of August.
Chancellor Extends Furlough Scheme Until October
The Government stated as we reopen the economy, we need to support people to get back to work. From the start of August, furloughed workers will be able to return to work part-time with employers being asked to pay a percentage towards the salaries of their furloughed staff.
New “furlough” system for employee wages up and running
The Coronavirus Job Retention Scheme claims portal opened on Monday 20 April and early indications are that it seems to be working smoothly but with a few teething problems as you would expect from a brand-new system.
