Jobs Retention Scheme – Furlough
This scheme will now continue until 31st March 2021 and there have been further clarifications.
Eligibility and how it works are the same as announced on 31st October 2020. Details are part of our newsletter dated 2nd November 2020 – http://www.chariothouse.co.uk/newsletters/covid19-lockdown-2-government-support/
- HMRC will now pay 80% of furloughed wages for November and December 2020 up to maximum of £2,500 per employee.
- The amount HMRC will pay between January 2021 and March 2021 will be reviewed in January.
- Basis of calculation:
- For employees included on FPS submission on or before 19th March 2020 use original rules – generally February 2020 wages.
- For employees not previously eligible for furlough then use wages as per last FPS filed before 30th October 2020 – generally October 2020 wages.
- Rules where there are variable hours are more complex – contact us for details.
- You can re-employ employees made redundant and place them on furlough if:
- Made redundant after 23rd September
- Were included on FPS submissions between 20th March 2020 and 23rd September 2020.
Jobs Support Scheme – Open and Closed
Now completely superseded by Job Retention Scheme.
Job Retention Bonus – Scrapped
Was to be £1,000 for every furloughed employee still in work on 31st January 2021 but because the Job Retention Scheme (furlough) is continuing beyond 31st January 2021 this bonus has been cancelled.
The Chancellor announced that it may be resurrected after latest extension to the Job Retention Scheme.
Self Employed Income Support Scheme
Enhanced from previous announcement.
- Quarter 1st November 2020 to 31st January 2021.
- 80% of average monthly profit – £2,500 pm maximum
- On-line claim available from 30th November 2020.
- Quarter 1st February 2021 to 30th April 2021 still to be announced.
- Eligibility see our newsletter dated 24th October 2020 – http://www.chariothouse.co.uk/newsletters/chancellors-latest-statement/.
Local Restrictions Support Grant
Grants for businesses that have to close during Lockdown 2 will operate in a similar way to the original business rates based grants. Details are as previously announced – see http://www.chariothouse.co.uk/newsletters/covid19-lockdown-2-government-support/
Restaurants and bars that remain open for non-alcoholic deliveries/takeaway ARE still eligible for the grant.