Furlough Payments Extended To End Of June
The government have extended the furlough scheme to end of June to reflect continuing social distancing measures.
Rishi Sunak announced that the Coronavirus Job Retention Scheme (CJRS) would now be open until the end of June – providing businesses with the certainty they need.
The scheme will continue to be monitored to ensure people and businesses can get back to work as soon as it’s safe to do so to drive UK economic recovery and will remain under review and extended further again if necessary.
CJRS, which allows firms to furlough employees with the government paying cash grants of 80% of their wages up to a maximum of £2,500, was originally open for three months, backdated from the 1st March to the end of May.
We are still awaiting clarification on the process to reclaim furlough grants, which according to the government website today, will be available at the end of April 2020.
If you anticipate requiring our assistance in processing such claims, please contact us as soon as possible, as registration for us as your agent to access the portal on your behalf may take up to 15 days. We want to ensure there is minimal delay for you to receive the grant once the portal is open.
There is now more clarity in relation to directors and in specific circumstances directors can also be furloughed. Please contact us if you would like to discuss this in further detail.