COVID-19 Job Retention Scheme

COVID-19 Job Retention Scheme

UPDATE 5th June

Document updated on how the furlough scheme is changing.

Click here to access the updated version

UPDATE 29th May

The Chancellor has confirmed the furlough next steps.

Click here to access HM Treasury information

UPDATED 14th and 15th May 2020

Information relating to the Job Retention Scheme has been updated to include the following.

12th May 2020

Today the Chancellor announced the extension of the Coronavirus Job Retention Scheme until the end of October.

  • 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

For more information, click here

UPDATE 11th May 2020

The Job Retention Scheme step by step guide for employers has been updated to explain the information that employers need to provide to claim for their employee’s wages.

For more information click here

 

UPDATE 20th April 2020

The Government’s Coronavirus Job Retention Scheme went live today, with businesses able to claim up to £2,500 a month towards staff wages.

For more information click here

A guide explaining the information that employers need to provide to claim for their employees’ wages has been published.

For more information click here

 

UPDATE 23rd March

Further information on the Coronavirus Job Retention Scheme can be found though the following link

https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses

Under this Scheme all UK employers will be able to access support to continue paying part of their employees’ salary for those employees that would otherwise have been laid off during this crisis. All UK businesses are eligible.

Businesses can access the scheme by:

  • designating affected employees as ‘furloughed workers,’ and notify your employees of this change – changing the status of employees remains subject to existing employment law and, depending on the employment contract, may be subject to negotiation
  • submit information to HMRC about the employees that have been furloughed and their earnings through a new online portal (HMRC will set out further details on the information required)

HMRC will reimburse 80% of furloughed workers wage costs, up to a cap of £2,500 per month. HMRC are working urgently to set up a system for reimbursement. Existing systems are not set up to facilitate payments to employers.

 

UPDATE 20th March

Further announcements of support for business announced by the Chancellor on Friday 20th March include:

  • For UK workers of any employer placed on the Coronavirus Job Retention Scheme, the government will pay up to 80% of a worker’s wages, up to a total of £2,500 per worker each month. These will be backdated to 1st March, will be initially open for 3 months and may be extended if necessary.
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