Coronavirus retention scheme extends cut-off date

The cut-off date for those who qualify for the Government’s Coronavirus Job Retention Scheme has been extended.

The scheme will take applications from Monday from companies which have laid off workers. Initially, it only supported those already employed on February 28th. The cut-off date has now been extended to March 19th.

This means more than 200,000 more UK employees could now be furloughed.

Workers need to have been on the payroll by March 19th – the day before the scheme was first announced. This will not cover people who were not put on the PAYE system until later in the month.

The latest coronavirus business impact tracker from the British Chambers of Commerce shows 66% of smaller firms in the UK have furloughed employees and are set to make claims for taxpayer money to pay staff wages.

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