Further to our previous post, yesterday (05/11/2020) Rishi Sunak announced a further change to the Coronavirus Job Retention Scheme (CJRS), also known as the Furlough Scheme.

The key points to note are:

  • The scheme will now remain in place until 31 March 2021 to ‘give businesses security through the winter’. It was first announced that this was only a temporary extension to 30 November before being replaced by the Job Support Scheme (as detailed below).
  • Initially, the rates of support provided will be as indicated in our email below.
  • The scheme will then be reviewed in January and the government will decide whether economic circumstances have improved enough for employers to contribute more.
  • Full guidance will be released on 10 November.

Of course, the new Job Support Scheme was due to cover the period 1 November to 31 March, therefore it remains to be seen whether this will be introduced after March or at all.

We will post details on our social media pages once the full guidance is received so please follow/connect with us to receive updates:

LinkedIn - https://www.linkedin.com/company/perrys

Facebook - https://en-gb.facebook.com/perryscharteredaccountants/

Twitter - https://perrysaccountants.co.uk/

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