Coronavirus (COVID-19)—Job Retention Scheme extended

Coronavirus (COVID-19)—Job Retention Scheme extended

The government has announced that the Coronavirus Job Retention Scheme (CJRS) will remain open until December 2020, with employees receiving 80% of their current salary for hours not worked up to a maximum of £2,500.

The Job Support Scheme, which was scheduled to come into force on 1 November 2020, has been postponed until the furlough scheme ends.

Mortgage payment holidays that were supposed to end on 31 October 2020 are also extended. Borrowers who have been impacted by the coronavirus (COVID-19) pandemic and have not yet had a mortgage payment holiday will be entitled to a six month holiday, and those that have already started a mortgage payment holiday will be able to top up to six months without this being recorded on their credit file.

Employees must have been on an employer’s PAYE payroll by midnight 30 October 2020 to be eligible to claim CJRS under the extension.

HMRC has updated seven of its existing guidance documents on CJRS with information on the extension of the scheme until December 2020 and the last date for submission of all claims as 30 November 2020.

Sources:

• Furlough Scheme Extended and Further Economic Support announced

• Check which employees you can put on furlough to use the Coronavirus Job Retention Scheme

• Reporting employees' wages to HMRC when you've claimed through the Coronavirus Job Retention Scheme

• Claim for wages through the Coronavirus Job Retention Scheme

• Calculate how much you can claim using the Coronavirus Job Retention Scheme

• Steps to take before calculating your claim using the Coronavirus Job Retention Scheme

• Check if you can claim for your employees' wages through the Coronavirus Job Retention Scheme

• Check if your employer can use the Coronavirus Job Retention Scheme

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