On the same day that Mr Sunak announced the wholesale revisions to the Coronavirus Job Retention Scheme, he also revealed an extension to the Self Employed Income Support Scheme. Peter covers the latest developments on both schemes.
Peter brings you to speed with the latest developments with the existing Coronavirus Financial Support Packages including the Job Retention Scheme, Self Employed Income Support Scheme and more!
The Job Retention Scheme has been set up to enable employers to claim for their employees’ wages while they are on temporary leave of absence (furlough) due to the Coronavirus.
The headline change has been to amend the date on which an employer is required to have had a payroll scheme in operation.
There has been an important update on the mechanism for claiming the “furlough” grants under the Job Retention Scheme, and that is covered below, along with some other updates.