Major announcement about furloughing under the CJRS

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.

About the Author

Beverley Howells

Partner

Beverley is a partner with Torgersens, specialising in tax. Her role covers all aspects of taxation, from managing compliance to providing business advice. Her main areas of expertise are in business tax and corporation matters and in particular, acting for owner-managed businesses. Having joined the firm as a graduate trainee, Beverley qualified as a Chartered Accountant in 2000.   Outside of work, Beverley’s favourite place is the beach, enjoying a walk along our beautiful North East coastline. Ideally, she would be joined by a canine companion and has recently started a campaign for her own office dog! 

To get in touch please e-mail beverley.howells@torgersens.com.