Coronavirus Job Retention Scheme Extended

On 29 May the Chancellor, Rishi Sunak, announced more details about the extension of the Coronavirus Job Retention Scheme (CJRS), we’ve outlined these below for you.

Coronavirus Job Retention Scheme The Chancellor has announced three changes to the job retention scheme:

1. From 1 July 2020, the scheme will be made more flexible to enable employers to bring previously furloughed employees back part time and still receive a grant for the time when they are not working.

2. From 1 August 2020, employers will have to start contributing to the wage costs of paying their furloughed staff and this employer contribution will gradually increase in September and October.

3. The scheme will close to new entrants from 30 June.

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Mitchell & Co

Chartered Accountants