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Following the Prime Minister’s announcement on 31 October 2020, the Coronavirus Job Retention Scheme (“CJRS”), which was due to end, is being extended until December 2020 and the cost to employers will reduce compared to October 2020. The Job Support Scheme will be postponed until the CJRS scheme ends.
The payments due under the CJRS will mirror the level available in August 2020 and will be paid upfront to cover wage costs, specifically:
A key difference with the extended CJRS is that neither the employer nor the employee needs to have previously made a claim under the CJRS to qualify. The following requirements apply:
Further details on the extended CJRS are expected to be provided shortly.
Paula Bailey comments:
“The Government’s decision to extend furlough will no doubt be welcomed by businesses still facing a difficult future. The second lockdown will cause businesses to face temporary closures (if they are deemed non-essential businesses) or reduced demand over the next month. The CJRS extension should help preserve jobs for an additional month and buy some more time before the planned introduction of the furlough successor, the Job Support Scheme. To discuss the scheme in more detail contact a member of the team.”
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To contact us, please fill out this form and we will get back in touch as soon as possible. Your personal data will be processed in accordance with our privacy policy which can be found here.