Coronavirus Job Retention Scheme
The Coronavirus Job Retention Scheme (CJRS) has extended for a third time to allow greater flexibility, albeit with increasing costs to employers:
1. From 1 July 2020, the scheme has been made more flexible to enable employers to bring previously furloughed employees back part time and still receive a grant for the time when they are not working.
2. From 1 August 2020, employers have been contributing to the wage costs of paying their furloughed staff.
3. The claim window closes 14 days after the end of the month.
After July the scheme was modified to allow for flexible furlough. The scheme will run until the end of April with employers sharing more of the cost of furlough. The payments by employers will substitute the contribution the government is currently making, ensuring that staff continue to receive 80% of their salary, up to £2,500 a month.
From 1st July the Scheme was revised to allow furloughed staff to undertake some work, offering employers flexibility to decide on the right arrangements for them and their staff. For example, an employee could be brought back for two days a week, paid for those two days and the furlough scheme covers the other three.
See our guidance on how to prepare a furlough claim here
Self-Employment Income Support Scheme (updated January 2021)
The Self-Employment Income Support Scheme (SEISS) for those people whose trade continues to be, or is newly, adversely affected by COVID-19 (coronavirus). Eligible self-employed people will be able to claim a third SEISS grant from 1 November until 29 January; this will be a taxable grant worth 80% of their average monthly trading profits for three months, paid out in a single instalment and capped at £7,500 in total.
The eligibility criteria for the third grant will be the same as for the first grant with the eligibility period commencing on 1 November. People do not need to have claimed the first two grants to claim the third grant: for example, their business may have been adversely affected by COVID-19 (coronavirus) more recently. As with the first two grant claims self employed people are allowed to continue working and claim the grant, although their business has been affected.
Claims for the third SEISS grant must be made by 29 January.
See our guidance on the grant here