16th November, 2020
Updates to the Coronavirus Job Retention Scheme (“CJRS”) guidance and a corresponding Treasury Direction were published on 13 November 2020. The Treasury Direction, which formally extends the CJRS from 1 November 2020 until 31 March 2021, outlines how it will operate between 1 November 2020 and 31 January 2021. The key highlights from both the updated guidance and Treasury Direction include:
Kate Melton comments:
"The updates to the CJRS, in particular the restrictions on claiming notice pay from 1 December onwards, will have a profound impact on those businesses planning or in the process of making redundancies. Employers should also be aware of HMRC’s intention to publish information about CJRS claims for the month of December onwards, which may act as a deterrent to some claiming.
As ever, the guidance continues to change in line with the government’s response to the pandemic. The current guidance covers claims periods between 1 November 2020 and 31 January 2021 and further changes are expected in subsequent guidance, covering the period of 1 February 2021 to 31 March 2021. To discuss the scheme in more detail contact a member of the team here.”
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