Newsflash: CJRS extended (again!)
The Chancellor has this afternoon announced that the Coronavirus Job Retention Scheme (“CJRS”), which was only last weekend extended until December 2020, has been extended again until 31 March 2021.
A new policy paper has been issued setting out details of the extension and full guidance has been promised on 10 November 2020.
Employer contributions until January 2021 will be the same as in August 2020. This means that employees will receive 80% of their usual salary for hours not worked (up to a maximum of £2,500 per month), and for hours not worked by their employee, employers will only be asked to cover national insurance and employer pension contributions. The government will review the position in January to decide whether economic circumstances are improving enough to ask employers to contribute more.
Employees do not need to have been furloughed under the CJRS previously. Employers can claim for employees who were employed and on their PAYE payroll on 30 October 2020.
As far as we are aware, the key rules of the extended CJRS remain the same as the previous CJRS, however, the government has reserved the right to make certain changes.
We will bring you further updates in due course. In the meantime, please get in touch if you need advice on the extended CJRS.
This update is for general purposes and guidance only and does not constitute legal or professional advice. You should seek legal advice before relying on its content. For advice, get in touch with your usual Greenwoods GRM contact or scroll down to complete our enquiry form.