November lockdown - Coronavirus Support Measures
Following the announcement by the Prime Minister on Saturday for a four week lockdown, further support measures have been announced and we will be making some changes to our office procedures in order to protect our team and clients.
We aim to continue the provision of all our services in full, and our offices will remain open but many of our team will be working from home and not be in the office so please use email where possible.
This is our preferred method of communication but if you are unable to use email we will be answering calls to take messages as best we can, but response rates may be slower and we may not be able to put your call through to the relevant person immediately.
We will be trying to conduct meetings online where possible, or at client premises, but can still arrange meetings here if there is no alternative. Face coverings must be worn throughout the meeting and your time within our offices. As has always been the case if you have any symptoms at all then we request that you do not enter our offices.
We appreciate that many of you will have queries on how the available support works and the best way to obtain this is to keep looking at our website and social media for any updates, along with our email updates.
ADDITIONAL SUPPORT MEASURES
Job Retention Scheme
The Prime Minister confirmed that the government’s Coronavirus Job Retention Scheme (CJRS) - also known as the Furlough scheme - will remain open until December, with employees receiving 80% of their current salary for hours not worked, up to a maximum of £2,500.
Employers small or large, charitable or non-profit, are eligible for the extended Job Retention Scheme, which will continue for a further month.
Businesses will have flexibility to bring furloughed employees back to work on a part time basis or furlough them full-time, and will only be asked to cover National Insurance and employer pension contributions which, for the average claim, accounts for just 5% of total employment costs.
Employees will be eligible if they were on the payroll by October 30, and they do not have to have been previously furloughed.
The Job Support Scheme, which was scheduled to come in on Sunday 1st November, has been postponed until the furlough scheme ends.
There are still some questions that we are unable to answer until full details are published such as what scheme is in operation from 1st-5th November and whether employers can rehire employees who were made redundant at the end of October.
Businesses required to close in England due to local or national restrictions will be eligible for the following:
- For properties with a rateable value of £15k or under, grants to be £1,334 per month, or £667 per two weeks;
- For properties with a rateable value of between £15k-£51k grants to be £2,000 per month, or £1,000 per two weeks;
- For properties with a rateable value of £51k or over grants to be £3,000 per month, or £1,500 per two weeks.
We anticipate that these will be administered by local councils as previous grants were, so advise clients to check their local council website for details on how to apply.
Changes have now been announced to the self employed income support scheme, with support maintained at 80% of average trading profits for November reducing to 40% for the months December and January as previously announced.
And to ensure those who need support get it as soon as possible, payments will also be made more quickly with the claims window being brought forward from 14 December to 30 November.
As SEISS grants are calculated over three months, the uplift for November to 80 per cent, along with the 40 per cent level of trading profits for December and January, increases the total level of the third grant to 55 per cent of trading profits. The maximum grant will increase to £5,160.
Once full details of how these new measures will work have been published, we will let you know more.
To see all our updates on Coronavirus click here
To go to the government website on business support click here