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AAB / Blog / Coronavirus Job Retention Scheme extended until March 2021
BLOG5th Nov 2020
Additional guidance was released by the government yesterday afternoon, Thursday 5th November 2020, outlining further changes to the Coronavirus Job Retention Scheme (CJRS), which came into effect on 1st November 2020.
Following the extension of CJRS, it has now been confirmed that the Job Support Scheme (JSS) will be postponed.
Alongside this, the Job Retention Bonus Scheme (JRB), will not be paid in February 2021 and a retention incentive will be deployed at the appropriate time. The purpose of the JRB was to encourage employers to keep people in work until the end of January. However, as the CJRS is now being extended to 31 March 2021, the policy intent of the JRB no longer applies.
As a reminder, summarised below are the key points to Coronavirus Job Retention Scheme (CJRS) currently
The Additional guidance has advised the following:
Eligibility
Calculation
Further guidance relating to the calculation is due to be announced on 10th November 2020, what we know so far is:
Claims
Employer Actions
Any future changes in regards to the CJRS, the Job Support Scheme or the Job Retention Bonus Scheme will be communicated as they become available.
For further information, or if you have any questions, please contact Brian Robb or your usual AAB contact.