Coronavirus job retention scheme
The government’s Coronavirus Job Retention Scheme will remain open until the end of October 2020
- Coronavirus Job Retention Scheme will continue until end of October
- furloughed workers across UK will continue to receive 80% of their current salary, up to £2,500
- new flexibility will be introduced from August to get employees back to work and boost economy
From 1 July, employers can bring furloughed employees back to work for any amount of time and any work pattern, while still being able to claim the grant for the hours not worked. From this date, only employees that you have successfully claimed a previous grant for will be eligible for more grants under the scheme.
This means they must have previously been furloughed for at least 3 consecutive weeks taking place any time between 1 March and 30 June 2020. For the minimum 3 consecutive week period to be completed by 30 June, the last day an employee could have started furlough for the first time was 10 June. This may differ if you have an employee returning from statutory parental leave.
From 1 August 2020, you will be asked to contribute towards the cost of your furloughed employees’ wages. Find out more information on how the Coronavirus Job Retention Scheme is changing.
Self-employment income support scheme
This scheme applies to people who are self-employed or a member of a partnership and have been adversely affected by coronavirus. The scheme allows self-employed people to claim a taxable grant of 80% of average trading profits, paid out in a single instalment covering 3 months and capped at £7,500 altogether. The grant does not need to be repaid but will be subject to Income Tax and self-employed National Insurance. If you received the grant you can continue to work, start a new trade or take on other employment including voluntary work.
The first grant of the Self-Employment Income Support Scheme. Make your claim on, or before, the 13 July in order to receive your first grant