Correct as of 9am 3rd March 2021
We have provided various updates on the Coronavirus Job Retention Scheme (CJRS) including when the scheme was first announced, when further guidance was issued on 26 March 2020, on 6 April 2020, on 8 April 2020 as further details were announced, on 9 April 2020, on 15 April 2020 as the scheme expanded in scope, when the scheme went live on 20 April 2020, when the scheme was extended until the end of October, when the Treasury Directions were updated, on 29 May 2020 when changes to the scheme were announced, when further details of the Flexible Furlough scheme were announced, when Flexible Furlough Scheme went live ,when the Scheme was extended beyond October 31st and when the scheme was extended to March 2021.
The Chancellor is expected to announce today as part of his 2021 Budget that the scheme will now be further extended until September 2021, with the government set to pay 80% of salaries up to a maximum of £2,500 per month – as was the case when the scheme was originally opened in March 2020. However, there will be a gradual tapering of support for employers who will be expected to pay 10% towards the hours their staff do not work in July, increasing to 20% in August and September, as the economy reopens.
In terms of support for the self-employed, some 600,000 more self-employed people will also be eligible for government help as access to grants is widened.
More detail is to be expected during the Chancellor's budget announcement later today and inevitably when updated HMRC guidance or Treasury directions are produced. We'll provide a further update if further detail is revealed during the speech today or when this guidance is released.