Job Support Scheme in Wales for October/November Lockdown
An Update from EasyBooks
The Job Retention scheme will apply for the first week under the same rules as before (up to 31st October).
Employees can be re-furloughed even if they have been back in work since originally being furloughed.
The support for October is that the employee receives 80% of their normal wage. 60% funded by the government and the remaining 20% is paid by the employer.
From 1st November a new support scheme will start. Job Support Scheme
There are 2 circumstances for claiming depending on the industry and reason for needing support:
1. Where the employer has REDUCED DEMAND/WORK (JSS OPEN)
- The employee will need to work a minimum of 20% of their usual hours and is paid as usual for these.
- the employee will receive 66.67% of their normal pay for the % of hours not worked – split between government and employer. The employer will pay 5% and the government will pay 61.67%.
- Employees will receive at least 73% of their normal wages, (capped at monthly salary £3,125).
2. Where the business is ordered to CLOSE (JSS CLOSED)
- Employees who do not work at all and will receive two thirds of their normal pay
- This is fully funded by the government, to a maximum of £2,083.33 per month
For Those Occupying Rateable Business Premises
the following will be available:
- Every business occupying a property with a rateable value of £12,001 or less will be eligible for a £1,000 payment.
- Retail, leisure and hospitality businesses forced to close during the firebreak lockdown period occupying a property with a rateable value between £12,001 and £51,000 will be eligible for a £5,000 payment.
- A discretionary £2,000 top-up grant will be made available on an application for those businesses with a rateable value of £12,000 or less who are forced to close by the firebreak lockdown.
A further discretionary £1,000 grant will be made available to businesses on the same basis where they are materially affected by local lockdown measures for 21 days or more prior to the start of the firebreak lockdown period.
The original self-employed grant will be extended. The eligibility is the same so if you qualified before you will qualify for the extension.
The extension will provide two grants and will last for six months, from November 2020 to April 2021. Grants will be paid in two lump sum instalments each covering a three-month period.
The first grant will cover a three-month period from the start of November until the end of January. HMRC will provide a taxable grant covering 20 % of average monthly trading profits, paid out in a single instalment covering 3 months’ worth of profits, and capped at £1,875 in total.
The second grant will cover a three-month period from the start of February until the end of April. HMRC will review the level of the second grant and set this in due course. The grants are subject to Income Tax and National Insurance Contributions.
HMRC will provide full details about claiming and applications in guidance on GOV.UK in due course.
The third phase of the Economic Resilience Fund (ERF) is now open.
The eligibility checker will enable businesses to see if they can access the fund which will support firms with projects that can help them transition to the economy of tomorrow.
(Of this, £20 million will be ring fenced to support tourism and hospitality businesses who are facing particular challenges as they enter the winter months.)
Applications are open to:
- micro businesses (employing between 1 and 9 people) will be able to apply for up to £10,000 on the condition they match this with their own investment of at least 10%
- SMEs (employing between 10 and 249 people) will be able to apply for up to £150,000 on the condition they match this with their own investment of at least 10% for small business (1-49 staff) and 20% for medium sized (50-249) business
- large businesses (employing 250+ people) will be able to apply for up to £200,000 on the condition they match this with their own investment of at least 50%
The Eligibility Checker for this part of the fund, can be found at:
The grant fund will be open for applications from the week commencing 26 October 2020 and remain open for four weeks.
- Posted by EasyBooks
- On 26th October 2020
- 0 Comments