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Lewis Silkin Furloughing Employees Faqs For Employers On The Coronavirus Job Retention Scheme Hunger Games Government
Hunger games government. In order to be eligible businesses need to prove theyve been adversely affected by coronavirus on or after 14 july 2020. Those eligible under the self employment income support scheme seiss which has so far seen 23 million claims worth 68 billion will be able to claim a second and final grant in august. Heres how you can apply and claim payment from hmrc.
The second grant opened for applications on august 17 2020 and closes today october 19 2020. Mr sunak later announced self employed people will be able to claim for a second and final grant from august. In the second round in august eligible people got 70 of their.
Businesses will start picking up the furlough bill in august when they have to pay national insurance ni and pension contributions. A second and final grant will be available for self employed workers from august. What the august furlough and self employed grant changes mean for you.
The scheme has been extended to accept applications for the second grant until october. It will review the application and if successful pay the rebate within six working days. It initially covered three months march april and may and the grants were worth up to 80 of profits capped at 2500 per month or 7500 in total.
This represents about 5 per cent of employment costs for. The grant paid in a lump sum in june covering march april and may was capped at 2500 a month or 7500 in total. For any self employed workers who lose out on work due to being ill with coronavirus or while self isolating the minimum income floor will be suspended.
Furlough applications can now be made to hmrc under the coronavirus job retention scheme.
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