October was a busy time with the planned end of the Coronavirus Job Retention Scheme. The Government also announced changes to the Job Support Scheme that was due to commence 1 November.
The Job Support Scheme was originally designed to support businesses who would face reduced demand over the winter period resulting from the pandemic, but was extended to include businesses impacted by the Government’s 3-tier restrictions. In addition to that, the percentage of time that employees needed to work in order that a claim could be made under the scheme was reduced from 33% to 20%.
As they say even the best laid plans of mice and men go awry as, on Halloween, the Prime Minister announced the country’s second national lockdown. In turn, the Government extended the coronavirus job retention scheme until the end of March 2021 and the Job Support scheme was postponed.
The Job Retention Bonus
The Job Retention Bonus, which was designed to reward businesses that retained any eligible employee that had been furloughed until 31 January 2021 with a £1,000 one-off taxable payment, has been scrapped.
Staying up to date with the latest updates
We recognise that this is an extremely difficult time for all employers. The situation is fast moving and it can be difficult to keep abreast of developments. The Government website is a useful source of general information (www.gov.uk), and we’re happy to assist employers with more immediate, bespoke assistance.
We are able to help over the phone or via video conferencing. Call Marie Allen on 01473 298133 or email [email protected]. You can also sign up to our mailing list to be kept up to date by our newsletters.