Covid-19 Finance Update 23 April 2021
SEISS Fourth Grant Application Dates / Coronavirus Job Retention Scheme Eligibility Update
As we gradually ease out of lockdown measures and we can begin to see friends and family as well as enjoy long awaited trips to hairdressers, gyms and other hospitality venues it’s still clear we need to be careful to ensure we can continue this more positive phase. The support that the government has supplied to individuals and businesses is continuing albeit with some changes. This news post highlights the latest developments that may affect you.
Self-Employed Income Support Scheme (SEISS)
The fourth round of SEISS grants is now open.
HMRC may have already written to you to advise you of the exact date from which you can apply. If you have not yet received your letter you can still check your eligibility and claim date here.
See our updated SEISS FAQs for more details on eligibility and grant amounts.
Coronavirus Job Retention Scheme (Furlough) Eligibility
The Coronavirus Job Retention Scheme now runs to 30 September 2021.
Employee eligibility is as follows:
- For claim periods ending on or before 30 April 2021, employees must have been employed on 30 October 2020, and an RTI submission must have been made for that employee between 20 March 2020 and 30 October 2020.
- For claim periods starting on or after 1 May 2021, employees must have been employed on 2 March 2021, and an RTI submission must have been made for that employee between 20 March 2020 and 2 March 2021.
This means that employees who started on or after 1 November 2020 may now be eligible for furlough.
You can check full details of eligibility here.
Claims for each month must be made by the 14th of the following month unless the 14th is a non-working day. For example, claims for furlough days in April 2021 must be made by 14 May 2021.
The level of grant available to employers remains the same until 30 June 2021, with a government contribution of 80% of salary for hours not worked, up to £2,500.
However, the contribution reduces to 70% in July and 60% in August and September, with the employer required to pay the 10% and 20% difference so that the employee receives 80% of their salary. As before, the employer can choose to top up salary above 80% and £2,500 at their own expense.
We aim to keep you updated with all the latest government announcements – if you would like to join our mailing list, sign up here
If you would like to speak to someone regarding any of these measures and to see how we can help you, please get in touch with your usual contact at Rayner Essex or fill out the form below and we will get back to you.