FURLOUGH/JRS UPDATES!

Updates from last week!

Here are the summarised highlights:

- Furlough to continue until March 2021 - 80% currently, but to be reviewed in Jan 2021 - Can use furlough for new employees that have been on the payroll and processed before 31 October 2020 - HMRC aim to publish a list of employers/employees using the scheme - Job Retention Bonus (£1000 per employee) no longer will be paid in February 2021 as furlough is now continuing. Another job retention incentive will be deployed at a later date

Full information here: https://www.gov.uk/government/publications/extension-to-the-coronavirus-job-retention-scheme/extension-of-the-coronavirus-job-retention-scheme