Coronavirus Job Retention Scheme (CJRS)
The CJRS will now run to 31 March 2021.
The Government will pay 80% of unworked hours for any employee on a payroll as at 23rd October who had an RTI submission by 30 October.
Employers need only pay Employer NI and pension contributions.
This level of support is guaranteed until 31 January. After that point there may be an increase in the level of employer contribution.
Anyone made redundant after 23 September can be re-employed and put on furlough.
Coronavirus Job Retention Bonus
This lump sum payment due for retaining employees over November to January has now been withdrawn but may be activated after March 2021.
Self- Employed Income Support
The amount payable for the third instalment of SEISS has now been increased to 80% of average quarterly profits up to a maximum of £7,500. This still applies only to those who submitted 2018-19 tax returns.
Applications will open in December.
If you have any queries about how any of this affects you then please contact us.