Good afternoon all,
As the news breaks of the 3-tier lockdown system, the government have announced extended financial support under the Job Support Scheme. This is due to come into effect on 01/11/2020 following on from the Coronavirus Job Retention Scheme.
Following a Government Factsheet issued over the weekend regarding the extra support for businesses forced to close as a result of lockdown restrictions, I thought I would share with you what know.
I expect there will be frequent, new information for me to share with you, which I will continue to do as I become aware of it.
Take care and keep safe
You can also get in touch in the following ways:
As the news breaks of the 3-tier lockdown system, the government have announced extended financial support under the Job Support Scheme. This is due to come into effect on 01/11/2020 following on from the Coronavirus Job Retention Scheme.
Following a Government Factsheet issued over the weekend regarding the extra support for businesses forced to close as a result of lockdown restrictions, I thought I would share with you what know.
I expect there will be frequent, new information for me to share with you, which I will continue to do as I become aware of it.
Take care and keep safe
What are changes announced?
The Chancellor has announced:- An extension to the new Job Support Scheme for businesses required to close due to COVID restrictions.
- Cash grants for businesses required to close in local lockdowns.
When does the Job Support Scheme start?
- It starts on 1 November 2020 and is available for 6 months.
- Prior to that date, the employer is expected to utilise existing support arrangements such as the Job Retention Scheme which comes to an end on 31st October 2020.
What is the eligibility criteria?
- Business must be required legally to close as part of local or national restrictions and employees must be off work for a minimum of 7 consecutive days.
- This includes businesses that are required to provide only delivery and collection services from their premises or food and drink outdoors from their premises.
- The employee must have been on the employer RTI submission made to HMRC on or before 23rd September2020.
- Employers must agree the new scheme with staff in writing, including any changes to the employment contract. This agreement must be made available to HMRC on request.
- Note that businesses required to close by local public health authorities will not be eligible.
What is the extra support?
- Government will pay two thirds of each employee’s salary up to a monthly maximum of £2,100.
- No employer salary top up will be required.
- The employer will be required to cover the cost of the employers NIC and pension contributions.
- The claims to be made in arrears through a HMRC Claims portal to be available from early December 2020.
- Affected small businesses with a rateable value of or below £15,000 can now claim a grant of £1,300 per month.
- Affected medium sized businesses with a rateable value between £15,000 and £51,000 can claim a grant of £2,000 per month.
- Affected larger businesses can claim a grant of £3,000 per month.
- The grant will be payable every 2 weeks and paid in arrears.
Together We Count will continue to provide updates as they are released.
Please don’t hesitate to get in touch as I know this is a worrying time for many. If you would like to talk, please book a ‘trading in difficult times’ meeting with me using the following link: https://togetherwecount.simplybook.it/v2/#book/location/2/service/10/count/1/info@togetherwecount.co.uk
www.togetherwecount.co.uk
https://g.page/Together-We-Count-Limited?gm
01273 569088 or 0114 4000119
www.togetherwecount.co.uk
https://g.page/Together-We-Count-Limited?gm
01273 569088 or 0114 4000119
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