The UK’s revised Job Retention Scheme

On 20 March 2020 the UK government announced its coronavirus Job Retention Scheme (JRS), which allowed businesses to place employees on furlough (temporary leave of absence) and reclaim 80% of their usual monthly wage costs from HMRC, subject to a cap of £2,500 per month.

As businesses begin to re-open after lockdown, the government is amending the JRS to allow it to operate on a more flexible basis (the new JRS). Furloughed staff will be able to carry out work on a part-time basis, with employers responsible for paying staff for the hours they work. Employers will also have to begin making a contribution to the wage costs of furloughed employees for periods when they are not working.

The new JRS will run from 1 July 2020 until the end of October 2020. This note outlines how it will operate during that period.

Read more: The UK’s revised Job Retention Scheme

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