Today the Chancellor has announced that CJRS 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 CJRS, please look at information published today on how you can check if you’re eligible to claim, and what you need to agree with your employees. You can find this on GOV.UK by searching ‘Extension to the Coronavirus Job Retention Scheme’.
This latest information applies for CJRS claim periods from 1 November 2020. The final date for claims for the period up to 31 October is still 30 November 2020.
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, and we’ll send you another update to confirm this. Claims can be made from 11 November 2020.
Further support Guidance and live webinars offering you more support on changes to CJRS, and how they affect you, are available to book online – go to GOV.UK and search ‘help and support if your business is affected by coronavirus’
To learn more about PCIAW®, visit www.pciaw.org.