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.
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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.