The Coronavirus Job Retention Scheme (CJRS)
In response to the coronavirus pandemic, the Chancellor announced a series of measures to support businesses and their employees. One of those measures is the CJRS, that allows employers to claim 80% of the wages of staff (up to a maximum of £2,500 per employee) that they have furloughed (been put on temporary leave). The scheme will be ready to launch on the 20th April 2020.
The latest guidance on CJRS can be found on GOV.UK by searching for ‘Coronavirus Job Retention Scheme’.
HMRC will be providing further information on support for businesses and workers over the coming weeks, including more detail on the Coronavirus Self Employment Income Support Scheme.