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Last updated: 17 December 2020
The extension is intended to provide certainty to employers so allowing a degree of planning for the future. The extended furlough scheme will operate in a similar way to the previous scheme. The government will pay 80% of wages up to a cap of £2,500 a month for the hours not worked. It now appears that the review of the scheme previously announced to take place in January 2021 may not take place, and we will keep watching for any announcements. Flexible furlough will continue to be allowed as will full-time furlough.
An employer can claim for employees who were on the employer’s PAYE payroll by 23:59 on 30 October 2020 and for whom a Real Time Information (RTI) submission was made to HMRC between 29 March 2020 and 30 October 2020. There will be no gap in eligibility for support between the previously announced end-date of the furlough scheme and this extension. For claim periods starting on or after 1 November 2020, employers can claim from 11 November 2020.
Because of this extension, the Job Retention Bonus which was to have been paid in February will now not be paid. A retention incentive will be redeployed at the appropriate time.
Last updated: 17 December 2020
The extension is intended to provide certainty to employers so allowing a degree of planning for the future. The extended furlough scheme will operate in a similar way to the previous scheme. The government will pay 80% of wages up to a cap of £2,500 a month for the hours not worked. It now appears that the review of the scheme previously announced to take place in January 2021 may not take place, and we will keep watching for any announcements. Flexible furlough will continue to be allowed as will full-time furlough.
An employer can claim for employees who were on the employer’s PAYE payroll by 23:59 on 30 October 2020 and for whom a Real Time Information (RTI) submission was made to HMRC between 29 March 2020 and 30 October 2020. There will be no gap in eligibility for support between the previously announced end-date of the furlough scheme and this extension. For claim periods starting on or after 1 November 2020, employers can claim from 11 November 2020.
Because of this extension, the Job Retention Bonus which was to have been paid in February will now not be paid. A retention incentive will be redeployed at the appropriate time.
These are just some of the issues employers need to consider and we are talking to a number of businesses about challenges that have arisen as a result of COVID-19. If you have any queries related to HR matters in your organisation, please get in touch with our experts using the form below.
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