Updated Coronavirus Job Retention Scheme guidance hub

20 Nov 2020 Eamonn McKee    Last updated: 20 Nov 2020

The Coronavirus Job Retention Scheme guidance has been updated to reflect the extension of the scheme until March 2021

On 5 November the Chancellor had confirmed that the Job Retention Scheme would be extended.  The latest guidance largely mirrors the original guidance.  The guidance includes areas such as, check which employees you can put on furlough, calculate how much you can claim and how to claim and report earnings.

For claim periods running to January 2021, employees will receive 80% of their usual salary for hours not worked, up to a maximum of £2,500 per month. The £2,500 cap is proportional to the hours not worked.  The guidance for claim periods from February onwards will be published following the Government review in January to decided whether economic circumstances are improving enough to ask employers to contribute more .

Claims from 1 November 2020 must be submitted by 14 calendar days after the month you’re claiming for. If this time falls on the weekend or a bank holiday then claims should be submitted on the next working day.

The closing dates for claims up to and including 31 October remain 30 November 2020.

HMRC Webinars:

HMRC are holding support webinars on the CJRS and flexible furloughing. The webinars provide an overview of the extension of the scheme, how employers will be affected, flexible furloughing, key dates and support available.

This live webinar is offered several times - select the date and time that works best for you.

 

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