New Furlough Scheme Extension Published
The Chancellor has announced that the Furlough scheme will be extended until the end of March 2021 for all parts of the UK.
For claim periods running to 31 January 2021, the UK Government will pay 80% of employees’ usual wages for hours not worked, up to a cap of £2,500 per month. The UK Government will review the policy in January to decide whether economic circumstances are improving enough to ask employers to contribute more.
It was also confirmed that the Job Retention Bonus will no longer be paid in February 2021, as CJRS will be available at that time. An alternative retention incentive will be put in place at the appropriate time.
What you need to do now
If you intend to claim under the Furlough scheme, please look at information published on how you can check if you’re eligible to claim, and what you need to agree with your employees. You can find this the GOV.UK website by clicking here. If we process your payroll please contact to let us know if you need us to make a claim.
The full guidance for claims from November onwards, including more information on how to calculate a claim, will be published on GOV.UK on Tuesday 10th November. Claims can be made from 11th November 2020.