Lockdown 2.0 and The Extension of The Coronavirus Job Retention Scheme

As announced by the Prime Minister on Saturday 31st October England is to revert back to tighter restrictions from Thursday 5th November. This reintroduction of a ‘Lockdown’ has also meant that on the final day of its existence, the Coronavirus Job Retention Scheme (CJRS) has been extended for a further month  with other economic measures also being extended to support businesses.

 

CJRS Extension Key Details:

  • CJRS has been extended until December, no specific date has been provided for its closure yet.
  • Neither the employer nor the employee needs to have previously used the CJRS in order to access the extended scheme.
  • The scheme is available to all employees who were on the employer’s PAYE payroll by 23:59 30th October 2020 (meaning that employees made redundant at the end of October when the CJRS was due to end, may now be able to access the scheme).
  • The level of support available under the extended scheme mirrors what was available under the CJRS in August, so the government will pay 80% of wages up to a cap of £2,500. Employers can top up furloughed pay to 100% if they wish.
  • Employers will be able to choose to furlough staff onto the scheme on a full-time or on a flexible basis. When claiming for the furloughed hours grant however, employers will need to report and claim for a minimum period of 7 consecutive calendar days.
  • The date to claim for employee wage costs during November is yet to be confirmed.

 

What Happens to The Job Support Scheme?:

The Job Support Scheme (JSS) which was supposed to come into effect on 1st November, has now been postponed until CJRS ends. Which currently is said to be in December, however, as previously stated above no end date has been set yet.

 

We will keep you informed of the latest information regarding this extension and all other measures put in place as a result of the coronavirus.

 

If you wish to discuss anything further please click here to get in touch with one of experienced accountants.

Coronavirus/COVID-19 Update

We are still here to help you

We have activated our plan for our team to work remotely as much as possible. The office is still open and there will always be someone on reception in normal working hours but for obvious reasons, the telephone and email are the best way to contact us as we follow the UK Government guidance to reduce contact.

If you have any direct questions about your business and the effects of the virus please get in touch with your usual contact or directly to me david@kirkhills.co.uk or adrian@kirkhills.co.uk