When we published our blog on 15 April 2020, we stated rather boldly that the issue of the Treasury Direction (formal title: The Coronavirus Act 2020 Functions of Her Majesty’s Revenue and Customs (Coronavirus Job Retention Scheme) Direction) on 15 April 2020 was likely to the definitive guide on how the Job retention Scheme (JRS) works. Friday’s flurry of updates however disproved that.
Further guidance has been issued which now confirms the following:
Extension of 31 May 2020 deadline
- The JRS scheme has been extended to the end of June 2020.
- It is anticipated that this is because Friday was the deadline by which many employers who would otherwise have had to make redundancies, would have had to have started the collective consultation process if 99 or more staff were affected (see previous blog here).
Confirmation of opening of online portal on 20 April 2020
- This has been confirmed and the Step by Step guide issued on Friday 17 April 2020 confirms that payment will be made 6 working days after making the application.
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