Date
02 Nov 2020Category
TaxOn 31 October 2020, the Prime Minister announced a second lockdown for England. To support businesses through this, he confirmed that the Job Retention Scheme (CJRS or the furlough scheme) which was due to end on 31 October will now continue for a further month through to December. In summary;
The implementation of the Job Support Scheme will therefore be deferred until the end of the furlough scheme.
We are expecting the way in which reference pay and usual hours are calculated will follow the same method as before. However, the nature of this immediate announcement means the finer detailed guidance is yet to be released, and we will of course provide further updates as soon as we can.
In addition, a Local Restrictions Support Grant of £3,000 will be given to businesses where their premises are forced to close in England.
We are here to help
We are of course here to help and we will provide further updates as and when more information is published. If you would like to discuss the support available, or have any other queries, please get in touch with your usual Azets contact.