Further updates to Coronavirus Job Retention Scheme  (CJRS)  and Self Employed Income Support Scheme (SEISS)

On 5^th November the government announced that it will:

• Extend the Coronavirus Job Retention Scheme (CJRS) until the end of March for all parts of the UK (this supersedes the previous announcement that the scheme would last until 2^nd December),
• Cancel the £1,000 Job Retention Bonus due to be paid in February but will instead introduce a different retention incentive at a later date, and
• Increase the third self-employed (SEISS) grant, covering November to January, to 80% of trading profits for each of the three months. Previously the grant was increased to 80% of trading profits for November, with December and January remaining at 40%. The grant will be paid out in a single instalment and will be capped at £7,500 (previously £5,600). The window for claiming the grant will open on 30 November which is two weeks earlier than originally planned. The government has already announced that there will be a fourth SEISS grant covering February to April.

Further details will be released in due course.