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Self employed tax return excel template. She tweets from. Updated july 29 2020 1300 bst. What is the furlough scheme.
The furlough scheme officially known as the coronavirus job retention scheme had been due to end today 31 october. On 20 march the uk government announced a series of wide ranging measures to assist businesses and employees through the covid 19 crisis including a coronavirus job retention scheme the scheme see the chancellors speech herewhilst details of the scheme are sparse at this stage we set out below answers to key questions our clients are asking about the scheme. 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.
This article is being regularly updated to include the latest information about the uks furlough scheme natasha bernal is wireds business editor. Under the scheme announced by chancellor rishi sunak last month employers can claim a grant covering 80 of the wages for a furloughed employee subject to a cap of 2500 a month. All you need to know about the coronavirus job retention scheme this article is more than 4 months old the scheme has been estimated to cost the treasury 12bn per month for 75m.
The coronavirus job retention scheme cjrs better known as the furlough scheme will be extended for another month following the announcement of a new national lockdown. Between march and july the government paid for 80 of furloughed workers wages up to 2500 a month and it also covered employers national insurance ni and.
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