Extended Furlough November 2020 - Rollout Plans

10 November: The extension of the Coronavirus Job Retention Scheme (CJRS) was announced less than two weeks ago and details of how it will be implemented are beginning to emerge.

On 5 November, the Chancellor announced that the CJRS would be extended until the end of March 2021 for all parts of the UK. Employers are now desperate to know the details as employees hope this will be enough to secure their jobs.

Claims from 1 November 2020 must be submitted by 11.59 pm 14 calendar days after the month you’re claiming for. If this time falls on the weekend, then claims should be submitted on the next working day.

Claim for furlough days in                      Claim must be submitted by

November 2020                                        14 December 2020

December 2020                                        14 January 2021

January 2020                                            15 February 2021

February 2021                                           15 March 2021

March 2021                                                14 April 2021

HMRC has circulated a short round-up explaining the impacts of this and where to find more information. The new and updated collection of advice notes can all be accessed from

https://www.gov.uk/government/collections/coronavirus-job-retention-scheme

HMRC intends to roll out the revised scheme as follows:

The new calculator was published on 9 November and can be found at:

https://www.tax.service.gov.uk/job-retention-scheme-calculator/start

Deadlines

You must complete your claim within seven days of starting it. All claims for periods from 1 July 2020 to 31 October 2020 must be submitted no later than 30 November 2020.

Please contact Oasis Accountants Accountants Manager for Advice & Guidance.