Job Retention Scheme extension until 31 March 2021.
Job retention scheme
The government have extended the Coronavirus Job Retention Scheme (CJRS) until 31 March 2021. From 1 November, the government will fund 80% of employees’ wages for hours not worked, up to a cap of £2,500 per month.

The scheme will be reviewed in January and the employer may then have to contribute to their employee’s wages, however it will remain open until 31 March 2021.

Employers can claim for employees who were employed and on their payroll on 30 October 2020. The employer must have made a RTI submission to HMRC between the 20 March 2020 and 30 October 2020, notifying a payment of earnings for that employee.

The employee does not need to have been furloughed previously to be eligible for the new job retention scheme extension.

Claims for periods starting on/after 1 November must be submitted within 14 calendar days after the month the relate to. Therefore, claims relating up to 30 November have to be claimed by 14 December 2020.

The Job Support Scheme has also been postponed until further notice. The Job Retention Bonus will no longer be paid in February 2021. An alternative incentive will be put in place at the appropriate time.

For full government guidance on the extension of the Coronavirus Job Retention Scheme, please visit the gov website.  If you are an employer and we manage your payroll scheme, do not worry, we will contact you.