Furlough scheme extended

Furlough scheme extended

This update is written and posted on 18^th December 2020 and will quickly become out of date once further details are known. We will endeavour to update it as soon as information becomes available.

The Coronavirus Job Retention Scheme (commonly known as furlough), previously due to end on 31 March, is to be extended until the end of April 2021. The scheme pays 80% of an employee’s wages (for hours not worked), up to £2,500 a month per employee, with businesses only required to pay employer pension and National Insurance contributions. The Chancellor has confirmed that there will be no change to require employers to contribute.

It is also worth noting that since the start of December, the names of employers who place any employee on furlough will be published by HMRC along with the amount claimed.

If you have any specific questions, please e-mail reception@sherborneslaw.co.uk and we will try to cover the point when the answer is available.