November 30, 2020 is the last day you can submit Coronavirus Job Retention Scheme claims for periods ending on or before October 31, 2020.
After this date you will not be able to submit any further claims or add to existing claims.
The job support scheme (JSS) will open on November 1, 2020 and run for six months.
The company will continue to pay its employee for time worked, but the cost of hours not worked will be split between the employer, the Government (through wage support) and the employee (through a wage reduction), and the employee will keep their job.
The Government will pay a third of hours not worked up to a cap, with the employer also contributing a third.
This will ensure employees earn a minimum of 77% of their normal wages, where the Government contribution has not been capped.
Employers using the Job Support Scheme will also be able to claim the Job Retention Bonus if they meet the eligibility criteria.
If your business is eligible for the Job Retention Bonus (JRB) you will be able to claim it between February 15, 2021 and March 31, 2021.
A step by step guide is available for employers here:
We will keep you informed of how the JSS will work as soon as we get details.
If we make the claims for you then we will also be able to estimate the amounts of the claims in advance using our calculators.
Please talk to us about how we can help.