Further Financial Support in the New Lockdown

Posted: 6th Nov
Self Employed

As you will likely be aware from the media, the government yesterday announced a significant extension of the coronavirus support package. The key details are as follows:

Furlough scheme

This has now been extended to 31st March, with all employees who were on the payroll as at 30st October 2020 eligible.

The scheme will pay 80% of wages up to a cap of £2500 per month for unworked hours. The only employer contributions are for national insurance and pensions.

It will be possible to have flexible furlough for those working short time, and there is no 3-week minimum period as was the case in the spring.

The Job Support Scheme which had been due to come into force on 1 November has now been cancelled (as it is replaced by furlough).

The government has announced that claims will need to be made by the 14th of each month from December.

The government has also announced that “HMRC will publish details of employers who make claims under the extended CJRS scheme, starting from December.”

Full details are expected to be published on 10th November 2020. We will send a further update after publication.

Self-Employed Support Scheme

This will now pay a grant of 80% of the earnings for the quarter of November to January. This has been raised from 20% to 40% to 55% and now 80%.

Job Retention Bonus

The bonus of £1000 per employee will no longer be available for employees who had been on furlough and who remained employed as of 1st February.

Harts Webinar Series: Success in a Changing Landscape

We continue our series of seven fortnightly interactive webinars to help keep your business agile, proactive and thriving in uncertain times. Each 45-minute session, hosted by Steven Glicher and guests, are designed to provide practical, really useful information and the opportunity to discuss any issues raised.

Our next seminar ‘Discussion Group’ will be held on Tuesday 17th November. In the meantime visit our YouTube page to catch up on all the previous webinars in the series including this week’s seminar ‘Value & Pricing’.

Cheadle Office is now Open

Our Cheadle office is now open with restricted hours, please contact us before visiting.

However, Macclesfield Office remains open during normal hours.

Get in Touch

Call or email us at Harts if you have any queries about the topics covered above or to find out more about our services at Harts, call us on 01625 669669 or email info@harts-ltd.com

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