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Job Support Scheme and the Expansion for Closed Business Premises

17/10/2020

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The Coronavirus Job Retention Scheme (CJRS) ends 31 October 2020 and is replaced by a new arrangement, the ‘Job Support Scheme’ with effect from 1 November 2020. The new scheme will initially run for 6 months until 30 April 2021, but this will be reviewed in January 2021. There are two strands to the scheme:
•Under the terms of the ‘standard’ Job Support Scheme, where the employer is continuing to operate but employees work reduced hours, HMRC will potentially pay 1/3rd of the employee’s wages up to a maximum grant of £697.92 per month.
•Alternatively, under the ‘Expansion for Closed Business Premises’, where employees are unable to work because the employer has been required to close its premises, HMRC will pay 2/3rds of the employee’s wages up to a maximum £2100 per month (so a maximum grant of £1400 per month).

​https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/921389/Job_Support_Scheme_Factsheet.pdf

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  • Home
  • About
  • Services
    • Switching Accountants
    • Accounts Preparation
    • Accounts Software
    • Book Keeping
    • HMRC Enquiries
    • Company Secretarial
    • Management Accounts
    • Payroll
    • Taxation
    • IR35 Advice
  • Testimonials
  • Contact Us
  • Clients Area
  • News