On Friday, the Chancellor announced that changes to the Coronavirus Job Retention Scheme (CJRS) will apply a month earlier than previously advised.
The change means that part-time working will be permitted from 1 July, but it is noted that this is only for those staff that have been furloughed by 10 June for a minimum of three weeks from that date. The CJRS grant can be claimed for the part of the salary not worked by these employees.
In its factsheet, the government stated about the CJRS that, ‘from midnight on 24 May 2020, the scheme had been used by 1 million employers, to protect around 8.4 million jobs and the total value of claims made was £15 billion.’
Martin Johnson, partner at Torgersens said, ‘Our small business community will doubtless welcome this announcement, but they need to ensure as many staff as required are furloughed by the 10th June to maximise the benefit of this additional flexibility.’
Full details about the Coronavirus Job Retention Scheme can be found here.
The information provided in this blog is for general informational purposes only and should not be considered professional advice. As far as we are aware, the content is accurate at time of publication. Torgersens assumes no responsibility for errors or omissions in the content or for any actions taken based on the information provided.
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