COVID update: furlough extends until March 2021 and self-employment boost

November 5th, 2020

Today [5th November 2020] saw the Chancellor announce that the re-introduced Coronavirus Job Retention Scheme (CJRS) would be extended until the end of March 2021, whilst also boosting the next three months of financial support for the self-employed.

In brief, the summary of the changes to the furlough scheme include:

SEISS

The Self-Employed Income Support Scheme (SEISS) will also increase to 80% of trading profits for November to January for all parts of the UK, to provide support equivalent to that under the CJRS.

The calculation is based on 80% of three months’ average trading profits, which will be paid in a single instalment and is capped at £7,500.

More information can be found via the following link and as always, you can contact your Champion adviser for more information.


BACK TO NEWS PAGE »
Latest News

Audits in the age of COVID-19

November 6th 2020

COVID-19 has impacted all facets of life and until a vaccine is found, is likely to continue to do s...

Navigating cashflow issues during COVID-...

November 5th 2020

Engineering businesses constantly strive to stay one step ahead of the competition, no matter what o...

Focus
management accounts

Xero | Making Tax Digital Why Xero accounting is the digital tax platform for you ...

management accounts

Sage Business Cloud | Making Tax Digital Why Sage Business Cloud or Sage 50cloud is...

SPOTLIGHT ON R&D

Veya

Veya

Around 30 per cent of all residential property transactions arent successful. Veya has been launched to reduce that statistic by removing the frustrations that buyers and sellers face during property transactions.

Our Tweets

Champion Accountants

Growth Protection Core Support Menu
Contact