The Chancellor has today announced changes to both of these schemes.
The Job Retention Scheme (JRS) will continue in its current format until the end of July; however, employees may work part-time for their employers from 1st July and still remain on the JRS although claims will be amended accordingly. For August the Government will again contribute 80% of furloughed employees wages (up to a maximum of £2,500), but employers will not be able to claim back employer’s national insurance and employer’s pension contributions. For September the Government’s contribution will be 70%, with the employer contributing 10%, and for October the ratio will be 60% and 20%. The scheme will cease on 31st October.
The Self-Employed Income Support Scheme has also been extended. Those eligible will be able to make a second and final claim in August for an additional 3 months average profit. This will be set at 70% of average profits. limited to a maximum of £6,570. The scheme will then close.