03 March 2021
Speculation was rife prior to today’s budget (4 March 2021) around the CJRS scheme, however, The Chancellor of the Exchequer, Rishi Sunak confirmed that in a bid to support businesses and employees across the UK through the next stage of the pandemic, the government will be extending the CJRS for a further five-month period. The scheme (which was due to end in April 2021) is now being extended throughout May until the end of September 2021.
Employees will continue to receive 80% of their current salary for hours not worked, with the government funding the full 80% with no employer contributions beyond National Insurance contributions (NICs) and pensions required for the periods of April, May and June. However, as seen in previous variations of CJRS, from July 2021, employers will be required to contribute towards the cost of unworked hours of 10% in July, 20% in August and 20% in September.
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