Job Retention Scheme Will Close to New Entrants Next Week

Last week the Chancellor Rishi Sunak made a statement on the Coronavirus Job Retention Scheme (CJRS). According to the government, over 1 million employers have used the scheme, making £15bn in claims to date.

Over 50% of respondents to our recent survey said their charity was making use of the scheme, far more than any of the other types of support on offer – so how it is modified and wound down will have big implications for many charities and the services they provide. Further guidance about so-called ‘flexible furloughing’ is expected on 12 June.

The government has published more details in this fact sheet – note that the scheme will close to new entrants from 30 June, which means that ‘the final date by which an employer can furlough an employee for the first time will be the 10 June, in order for the current three-week furlough period to be completed by 30 June’. So, if you’re thinking of taking this option and haven’t yet, time is running out.

Also, see the Charity Tax Group’s short summary of the changes here