Government widens eligibility for job retention scheme

The government has widened the eligibility criteria for furloughed employees who need to access the Coronavirus Job Retention Scheme by pushing back a key date.

Call 01277 622888 or email info@danieljamesaccountants.co.uk

The government has widened the eligibility criteria for furloughed employees who need to access the Coronavirus Job Retention Scheme by pushing back a key date.

Under the Coronavirus Job Retention Scheme, businesses can apply for government grants for employees' salaries up to the lower of 80% of an employee's regular wage, or £2,500 per month for three months from 1 March.

The scheme could run for longer if the social restrictions to help halt the coronavirus (COVID-19) pandemic remain in place.

In order to be eligible, employees previously needed to be on an employer's Pay as You Earn (PAYE) payroll on or before 28 February 2020. This date has now been pushed back to 19 March 2020, the day before Chancellor Rishi Sunak first announced the scheme.

Individuals employed and on the payroll as of 28 February 2020, but who were made redundant or stopped working for their employer prior to 19 March 2020, can also qualify for the scheme if their employer re-employs them and puts them on furlough.

Further details on the Coronavirus Job Retention Scheme can be found here.

© 2020 Daniel James. All rights reserved. powered by totalSOLUTION

Daniel James & Partners LLP is a limited liability partnership registered in England & Wales (registered number: OC318693). The word ‘partner’, used in relation to the LLP, refers to a member of the LLP. A list of the members of the LLP, is displayed at the LLP’s registered office: Radford Business Centre, Radford Way, Billericay, Essex, CM12 0BZ, United Kingdom. We use ‘Daniel James’ to refer to Daniel James & Partners LLP.
Professional indemnity insurance is compulsory for all members of the IFA who engage in public practice. Our professional indemnity insurer is Hiscox Insurance Company Limited, 1 Great St Helens, London, EC3A 6HX.

Latest news
Contact Details

Please call:
01277 622888

Daniel James, Suite L, Radford Business Centre, Radford Way, Billericay, Essex CM12 0BZ

Home | Contact us | Site map | Accessibility | Disclaimer | Privacy | Help |

We use cookies on this website, you can find more information about cookies here.