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Coronavirus Job Retention Scheme extended

The Coronavirus Job Retention Scheme has now been extended for a month. What are the terms of the extension and where does this leave the new Job Support Scheme?

C19 NEWSLETTER

FURTHER CHANGES IN SUPPORTS FOR BUSINESS
Government extends Furlough to March and increases self-employed support scheme

SELF-EMPLOYMENT INCOME SUPPORT SCHEME GRANT EXTENSION (SEISS)

The Government are providing the same level of support for the self-employed as is being provided for employees through the Coronavirus Job Retention Scheme which has also been extended until March 2021.

EXTENSION OF THE CORONAVIRUS JOB RETENTION SCHEME

The CJRS (also known as the furlough scheme) will remain open until 31 March 2021. For claim periods running to January 2021, employees will receive 80% of their usual salary for hours not worked, up to a maximum of £2,500 per month. The £2,500 cap is proportional to the hours not worked.