<-- Back to proposed bills
Update on the Coronavirus Job Retention Scheme and Self-Employment Income Support Scheme
03 June 2020
Type
Written Ministerial Statement
Department
Treasury
At a Glance
Issue Summary
The statement discusses updates and extensions of the Coronavirus Job Retention Scheme (CJRS) and Self-Employment Income Support Scheme (SEISS).
Action Requested
From July, employers can bring back furloughed employees with reduced state support gradually phasing out by October. The SEISS will extend to offer a second grant in August for eligible individuals.
Key Facts
- More than 8 million jobs have been protected under the CJRS.
- Over 1 million firms benefitted from the scheme.
- As of June 30, employers must complete their first claim and can use flexible furlough options starting July 1.
- In August, employers will start paying Employer NICs and pension contributions; in September they pay an additional 10% of wages; by October, it's 20% up to a cap of £2,500.
- Around 40% of employers have not claimed for NICs or employer pension costs, potentially unaffected by changes starting August.
- The SEISS first grant application deadline is July 13 with 2.5 million individuals having already applied worth £7.2 billion total.
- A second and final taxable grant under the SEISS will be available from August.
▸
Assessment & feedback
Summary accuracy