In The News
Article Date: 01 June 2020
Coronavirus Update 1st June 2020
As expected the Chancellor has bot extended the term of the “furlough and self-employed support schemes” and at the same time signalled their end.
The details are set out in the announcement in the link below.
There are several highlight points to note;
The Chancellor also announced that unless a claim has been made by 30 June, no further claims could be made by employers who have not otherwise used the scheme, thereby restricting the scheme in July – October to employers using the scheme and to previously furloughed employees.
The self-employed will be eligible to apply for a further, second, income support grant after 31 July. The grant will be equal to 70% of their average trading profits capped at £6,570 in total.
Unlike with the furlough arrangement, an individual can claim the second grant even if they have no claimed the first grant.
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