Latest measures to support jobs

Following the Prime Minister’s announcement that England will enter a national lockdown from 5 November 2020 to 2 December 2020, the Coronavirus Job Retention Scheme, which was due to come to an end on 31 October 2020, has been extended for a month and will continue to be available during November. As a result, the Job Support Scheme, which was due to replace the Coronavirus Job Retention Scheme from 1 November 2020, has been put on hold.

Extended scheme

Under the Coronavirus Job Retention Scheme, as extended, furloughed employees will receive 80% of their pay, capped at £2,500 a month. Employees who are flexibly furloughed will receive 80% of their pay for their furloughed hours subject to the cap.

The grant will be set at 80% of the employee’s pay for their furloughed hours, subject to the cap of £2,500 for the month. The full amount of the grant must be paid over the to employee. Unlike September and October, the employer will not be required to top up the grant; however, employers will have to pay the employer’s National Insurance on the grant, and also any employer pension contributions due under auto-enrolment.

Eligibility

To be eligible for a grant under the scheme, the employee must have been on the employer’s payroll at 23.59 on 30 October 2020 and an RTI submission made to HMRC in respect of the employee. Employees who were on the payroll at 23 September 2020 and in respect of whom an RTI submission was made, but who stopped working for the employer after this date or who were made redundant, can also benefit from the scheme if their employer re-employs them.

Partner note: www.gov.uk/government/news/furlough-scheme-extended-and-further-economic-support-announced

To find out more please follow us on Facebook , Twitter or LinkedIn. Feel free to contact us on 0333 006 4847 or request a call back by texting to 075 6464 7474.

Share:

Share on facebook
Facebook
Share on twitter
Twitter
Share on pinterest
Pinterest
Share on linkedin
LinkedIn
Share on mix
Mix
Share on google
Google+
Share on whatsapp
WhatsApp
Share on email
Email
Share on print
Print

Leave a Comment

Your email address will not be published. Required fields are marked *

On Key

Related Posts

Are you trading?

Trading income is taxed for both income tax and corporation tax purposes. In order for a tax charge to arise under the trading income rules,

Read More »