COVID UK financial support Job Support Scheme

simon

Simon Misiewicz

31st October 2020

What is the Job support Scheme?

You may be interested to know how Coronavirus also is known as COVID19 affects other aspects of the economy be it self employment, property or other aspects of employment.

The Job Support Scheme which is also referred to as the JSS was enacted on 1st November 2020 and replace the Coronavirus Job Retention Scheme (CJRS) financial support to employers. The CRJS was enacted in March 2021 and ended in October 2020.

The Job Support Scheme also is known as JSS was introduced by Rishi Sunak to protect UK jobs by business owners that face lower demand due to Covid-19.

Learn to reduce tax

This course will help you understand all the elements of UK tax that erodes your cash. Learn with our 100+ videos, templates and documents. You will also be able to speak with Simon every Wednesday at 7pm.
Enrol today and save tax tomorrow.

£9.95 per month (28 day free trial)

Try now for free

Employers using the Job Support Scheme will also be able to claim the Job Retention Bonus if they meet the eligibility criteria.

 

How much money will be given to business owners through the Job Support Scheme?

The business owners will continue to pay its employee for time worked. The burden of hours not worked will be split between the employer (5%) and the Government (61.67%).

The employee will need to accept that there will be a wage reduction.

Grant payments will be made in arrears. The grant will not cover Class 1 employer’s national insurance contributions (NICs) or pension contributions.

The payments of employers NICs and pension contributions will still need to be paid by the employer.

When does the Job Support Scheme (JSS) start and end??

The scheme will open on 1 December 2020 and run for 6 months, until April 2021.

 

What is was

What is will now be:

Which employers are eligible for the Job Support Scheme (JSS)

Business owners that employe people that also have a UK bank account and UK PAYE schemes can claim the grant.

Business owners would not have needed to be eligible for the Coronavirus Job Retention Scheme (CRJS) in order to apply for the Job Support Scheme (JSS).

Employees will be required to work 5% of the time, being one day per week for current full-time employees.

 

How do employers make a claim against the Job Support Scheme grant?

The scheme will be open from 1st December 2020 to 30th April 2021.

Employers will be able to make a claim online through Gov.uk from December 2020. The Job Support Scheme (JSS) payments will be made to employers on a monthly basis as was the case under the Coronavirus Job Retention Scheme (CJRS).

Grants will be payable in arrears.

HMRC will check claims. Payments may be withheld or need to be paid back if a claim is found to be fraudulent or based on incorrect information.

Enquire about our ongoing services

Book a call to discuss our property accountancy services

Get in touch

Book a paid for tax consultation

Use the code “Art25” to get 25% discount

Book now
Need advice?
Contact us now

Book a call to see how we can help you.

Consultation options.

We offer the two following options for initial consultations.

CALL OPTION ONE

Discuss our monthly retained accountancy services

This is a call to discuss our monthly retained accountancy services. This is not a tax call

  • Discuss our monthly retained accountancy services

  • Talk to use about your situation

  • Tell us what tax pains you have

  • We will look into your case and identify the right service for you

Discuss our services

CALL OPTION TWO

Pro active tax advice

(Free for clients)

Need tax advice right now? Let us identify the tax solution

  • Upload your questions in advance

  • All of our Tax Advisors collectively discuss your questions in the morning

  • One of our qualified tax advisors will provide the very best solution to you

  • We follow up with an email and a recording of the meeting

  • You and the tax advisor will clear up any remaining questions in an email exchange

Tax call from £699.95

Booking your appointment.