Furlough and SE Grant dates for your diary!

There have been lots of updates and changes to how both furlough and the self employments grants will work since the announcement of the second lockdown which has led to confusion and reports constantly changing. From what we currently know here are what we believe to be the key information points, important dates and updates so far;

You can claim furlough for employees that were not previously registered on the scheme but have been furloughed due to the second lockdown restrictions.

A furlough claim must be submitted within the two weeks after the end of the calendar month that the employee was furloughed. For example if an employees is furloughed in November 2020, you must submit your claim to HMRC by the 14th December 2020 and so on.

There are some reasonable excuses for late claims but they centre around incapacity due to death of a relative or chronic illness of the employer.

Self employment grants
An email is due to be sent from the week commencing 23/11/2020 to all those who qualified for the previous grants to log on and confirm they are claiming this third grant.

Payments should start to be made from the 30/11/2020

This will cover the three month period from November 2020 to January 2021. Another claims process will then begin in February 2021 for the final payment.

Those who did not make a claim last time but think they may be entitled should log onto the government gateway and check their status.

For self employed people who have removed themselves from paying VAT this year, you must respond to the email that was sent by HMRC about your trading status. HMRC will consider this the end of self employment and you will not qualify for a grant unless you confirm you are still trading.

Furlough scheme extended to March 2021….

In a surprise early announcement, Chancellor Rishi Sunak, has extended the 80% of wages furlough scheme until March 2021. It is claimed that this announcement is an to attempt to give some reassurance to businesses that support is there in the longer term should it be required and to preserve job throughout Christmas rather than an indication that the current lock down restrictions will last longer than the predicted 2nd December 2020.

Details are limited but the Self Employment Grant is also being extended at 80% of average profits to include December and January.

These measures will be reviewed in January 2021 with no details of levels of contributions for either scheme.


BREAKING – Government to double Self Employed Grant to 80%

Rishi Sunak has announced that the government will double the Self Employed Income Support Scheme (SEISS) to 80% of your average trading profit for November and a further 40% for December and January up to a maximum of £5160.

This payment has also been brought forward to 30th November 2020 rather than the 14th December to help with latest lock down restrictions starting on the 5th November 2020.

No details have been confirmed for the February payment.