Friday, November 6, 2020

JRS & SEISS

I think the Chancellor thinks I am short of work! Just when I get to grips with the new rules for furloughing or the self-employment support he decides to change everything again. At least these changes are good news.

The furlough scheme has been extended to the end of March 2020. In the first 3 months of the scheme - November to January - the government will pay 80% of the furloughed employees' wages with the employer only paying the national insurance and pension contributions. For the self-employed the SEISS will pay 80% of average profits for the next 3 months up to a maximum of £7,500. Eligibility rules are as I set out in my most recent posts - at least those haven't changed. Yet!