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The 30 November 2020 is the last day that businesses can submit Coronavirus Job Retention Scheme (CJRS) claims for periods ending on or before 31 October 2020. After this date you will not be able to submit any further claims or add to existing claims.
The Job Support Scheme (JSS) will open on 1 November 2020 and run for 6 months.
The company will continue to pay its employee for time worked, but the cost of hours not worked will be split between the employer, the Government (through wage support) and the employee (through a wage reduction), and the employee will keep their job.
The Government will pay a third of hours not worked up to a cap, with the employer also contributing a third. This will ensure employees earn a minimum of 77% of their normal wages, where the Government contribution has not been capped.
Employers using the Job Support Scheme will also be able to claim the Job Retention Bonus if they meet the eligibility criteria. See our article Check if you can claim the Job Retention Bonus from 15 February 2021
We will keep you informed of how the JSS will work as soon as we get details. If we make the claims for you then we will also be able to estimate the amounts of the claims in advance using our calculators. Please talk to us about how we can help.
06 Feb 2024
Government borrowing fell to £7.8 billion in December 2023 giving Chancellor Jeremy Hunt more scope to make the tax cuts he has hinted at in the Spring Budget.
Tax cut promises may need to be scrapped as a result of the UK being in an 'unfortunate economic and fiscal bind', the Institute for Fiscal Studies (IFS) has warned.
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