Furlough scheme extended and changed for new lockdown | WDM

Twitter
Follow us on Twitter
MENU
11
November

Furlough scheme extended and changed for new lockdown

The Coronavirus Job Retention Scheme (CJRS) has been extended until December, with furloughed employees set to receive 80% of their salary for hours not worked and businesses asked only to cover national insurance and employer pension contributions.

On 31 October Prime Minister Boris Johnson announced a new national lockdown for England that will run from 5 November until 1 December. The Prime Minister also confirmed that the CJRS has been extended for a further month.

The CJRS was supposed to have ended after being scaled back to cover 60% of salaries during October.

Chancellor Rishi Sunak said that the scheme will retain the flexible element, but the level of government support will return to the levels given in August. Furloughed employees will receive 80% of their current salary for hours not worked, up to a maximum of £2,500.

In a statement, the Treasury said: ‘The government will confirm shortly when claims can first be made in respect of employee wage costs during November, but there will be no gap in eligibility for support between the previously announced end-date of CJRS and this extension.’

The Treasury also confirmed that the Job Support Scheme (JSS), which had been due to launch on 1 November, will not start until the CJRS closes.

7 Questions you must ask an accountant
How To Grow your business by 46.4% - Special Free Whitepaper
To get the free whitepaper, simply enter your name and e-mail address below and click the Get FREE Whitepaper button. You will receive an email shortly with your FREE Whitepaper pdf from our team...

Fields marked with an * are required

By submitting this form you agree to receive information via email newsletters about products and services from WDMCA which we think may interest you. You can opt out of receiving these newsletters by clicking the unsubscribe link in newsletters we send.

Download our FREE iPhone app

Testimonials

From the opening of our store to the eventual sale of four stores seventeen years later, WDM have provided invaluable assistance all the way along. They are more than just an accountant to us and we couldn't speak highly enough of them.

Pat McKenna - McDonalds Franchisee
Sign up to our newsletter
Oakfield House, 378 Brandon Street, Motherwell ML1 1XA        t: 01698 250 251        f: 01698 250 261