The Coronavirus Job Retention Scheme has been extended by one month to the end of June.
Announced today (17th April 2020) by HM Treasury, it is believed that this move will allow companies across the UK to continue to protect millions of jobs. Rishi Sunak has said that this move would “provide businesses with the certainty that they need”. The Chancellor has also confirmed that he would keep the scheme under review and extend further if necessary.
He went onto to say “We’ve taken unprecedented action to support jobs and businesses through this period of uncertainty, including the UK-wide Job Retention Scheme. With the extension of the coronavirus lock down measures yesterday, it is the right decision to extend the furlough scheme for a month to the end of June to provide clarity.”
We are sure this is a welcome decision for employers, added to the information released by HMRC yesterday confirming that the portal to submit furlough claims would be available from Monday 20th April and that the timeframe for reimbursement for those employers with less than 100 employees on furlough would be less than 7 days.
In light of this information, NucleusHR would encourage employers, to stay in contact with all employees throughout this period (including those that are furloughed), ensuring that they are safe and well whilst updating them on the position of the business
The Coronavirus Government Job Retention Scheme is changing what appears to be daily at the moment, for up to date advice, please email NucleusHR toni@nucleushr.com or call us on 07960 418494.
In the meantime, stay safe and well.
Toni & the team at NucleusHR