The coronavirus job retention scheme (CJRS) will continue until 30 November 2020 with grants covering 80% of wages, while implementation of the new less generous job support scheme (JSS) has been delayed.
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
- we assume that all employees qualify including directors and company secretaries but await confirmation on this in the coming days and weeks
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
What company’s 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 are expected to be extended for a further 6 months without getting recorded on a credit file
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
No new information has been said about the self-employed and grants.