The Coronavirus Job Retention Scheme (the “Scheme”) is designed to provide payments to employers for the costs of furloughed employees. The Scheme has been extended until 31 March 2021.
The Scheme covers the period 1 March 2020 to 31 March 2021. The Scheme was originally due to end on 31 October 2020 and provided reducing amounts of grant under a “phase out”, together with additional flexibility in the period between 1 July and 31 October. The Scheme was effectively relaunched for the period 1 November 2020 to 31 March 2021. This note focuses on this later period.
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