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Self employed furlough next payment. Halloween was truly a nightmare for many accountants as the governments announcement of englands new month long lockdown came just as the nation was settling down to enjoy the second live show of. The furlough scheme is also known as the job retention scheme. The furlough scheme has now returned to the original form it had when it was introduced in march the treasury has said.
Under the terms of the extension the government will pay 80 of a workers salary while the employer will have to meet the cost of national insurance payments and pension contributions. The furlough scheme which has acted as a lifeline to millions of households during the pandemic has been extended for a month after england was placed in a four week lockdown to stem the rise. The furlough scheme protected over nine million jobs across the uk and self employed people have received over 13 billion in support.
The extension of the furlough. It remains to be seen whether in the light of an extension to the national lockdown the furlough scheme would also once again be extended but it is likely to be an option for government ministers. But michael gove has warned that lockdown could be extended which could mean the furlough scheme is kept open too.
This is in addition to billions of pounds in tax deferrals. Boris johnson has announced that the furlough scheme will be extended. Here are the new rules in full.
Will furlough be extended for the november national lockdown and what are the rules. Prime minister boris johnson holds a covid 19 press conference to announce a new national lockdown and an extension to the furlough scheme. The furlough scheme officially known as the coronavirus job retention scheme had been due to end today 31 october.
For the latest rules on the november furlough extension see our updated blog. But the prime minister announced that it will keep running until december and the new job support scheme which had been scheduled to start on sunday 1 november has been postponed until the furlough scheme ends. 31 october 2020 2034.
Chancellor Extends Uk Furlough Scheme Until End Of October Politics The Guardian Self Employed Furlough Next Payment
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