01 June 2020

On Friday the 29th May 2020 the Chancellor gave updates on the Coronavirus Job Retention Scheme (CJRS) and also extended the Self-Employed Income support scheme (SEISS).

Coronavirus Job Retention Scheme (CJRS)

The key changes to be aware of:

  1. Part-time furloughing is available from the 01/07/20 – from this date you will be able to bring back employees on a part time basis. You will be responsible for paying them the hours they work and the Government will contribute 80% of their wages for the time they do not work subject to the current conditions. (The £2,500 cap will be proportional to the hours worked)
  2. From the 01/08/20 you will no longer be able to reclaim your Employers National Insurance Contributions when making a claim.
  3. From the 01/09/20 the amount the Government Contributes will be reduced to 70%, employers will need to contribute 10% to top the wages up to the 80%, also from this date as well as not being able to reclaim employers NI contributions employers will also not be able to reclaim employers pension contributions.
  4. From 01/10/20 the amount the Government Contributes will be reduced further to 60%, employers will need to contribute 20% to top the wages up to the 80%.
  5. The last date you can put an employee on furlough is the 10th June 2020, no employees can be added to the scheme after this date.

We will continue to contact you monthly asking if you wish for us to process claims on your behalf.

 

Self-Employed Income support scheme (SEISS)

Self Employed individuals who meet the criteria will be able to make a second claim in August if they are adversely affected by the Coronavirus. The grant this time will be reduced to 70% of average monthly trading profits over a 3 year period for 3 months paid out as a lump sum. The grants will be capped at £6,570.

 

The application process will be the same as last time where you need to make the claim yourself using the Gateway Log in details you will have set up.

Additional Information

HMRC have email out summary information regarding the above which can be accessed using the following links:

https://content.govdelivery.com/accounts/UKHMRCED/bulletins/28e0dbf

https://content.govdelivery.com/accounts/UKHMRCED/bulletins/28e0dbd

Further information will also be available on the Government website:

https://www.gov.uk/coronavirus/business-support