The coronavirus job retention scheme (CJRS) will continue until 30 April 2021 with grants covering 80% of wages.
What support is given?
- 80% of gross wages will be paid for time not worked up to a maximum of £2,500
- an employer can top up the extra 20% if they choose to do so at their own cost
- employers must pay all of the employer’s national insurance and minimum pension contributions
- grants to be paid for premises that are forced to close
What employees qualify?
- any employee on the payroll filed with HMRC by midnight on Friday 30 October 2020, they do not need to have been on an earlier claim
- the employee must have been paid
- all employees qualify including directors and company secretaries
Is flexi furlough allowed?
- flexi and full-time furlough is permitted, allowing for staff to work part-time
- there is no minimum working time to qualify for flexi furlough it can be a week, day, or hour
Do all employers qualify?
- there are no tests to pass all employers can claim
How to claim?
- as before we can make the claims for you with HMRC
- hours not worked and usual hours will need to be reported for anyone flexi furloughed
- we assume the grant can be claimed prior to submitting a pay run but await confirmation on this in the coming days and weeks
Mortgage holiday applications for 6 months are available until 31 March 2021.
Where business premises have been closed by law a grant claim can be made to the local authority based on the value of the buildings rateable value
- Grant payable per two weeks
Up to £15,000 | £667
£15,001 to £50,999 | £1,000
£51,000 or more | £1,500
The third taxable grant is worth 80% of your average monthly trading profits, paid out in a single instalment covering 3 months’ worth of profits, and capped at £7,500 in total. This must be claimed by 29 January 2021.