JOB SUPPORT SCHEME (updated 22nd October 2020)
As you are probably aware Coronavirus Job Retention Scheme (furlough) is finishing 31/10/2020.
It will be replaced by Job Support Scheme, which will run from 01/11/2020 until 30/04/2021.
The new scheme will be divided between two, reflecting the different types of support needed.
Job Support Scheme Open (JSS Open)
For business which are open where employees are working shorter hours due to reduced demand. Your employees will need to work at least 20% of their usual hours. You will continue to pay employees for the hours they work, and the UK government will pay a contribution of 61.67% of the usual pay for hours not worked, up to a maximum of £1,541.75 per month. You will pay 5% of the usual pay for hours not worked, up to a maximum of £125 per month, and can top this up further if you choose. This means employees should receive at least two thirds of their usual pay for hours not worked.
You will need to cover all employer National Insurance and pension contributions.
Job Support Scheme Closed (JSS Closed)
For to businesses whose premises are legally required to close as a direct result of coronavirus restrictions set by one of the four governments of the UK. This includes premises restricted to delivery or collection-only services from their premises, and those restricted to providing food and/or drinks outdoors. The UK government will fund two thirds of employees' usual wages for time not worked, up to a maximum of £2,083.33 per month. You will not be required to contribute, but you can top up the government’s contribution if you choose to. You will still need to cover all employer National Insurance and pension contributions.
First claims start about 8th December 2020.
Please feel free to contact us if you have any questions to the scheme or other accountancy related subject email@example.com or 07895 408 693.