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

Champion Accountants appointed by Blackp...

June 1st 2021

A Blackpool-based accountancy and auditing practice has been appointed by Blackpool Football Club. ...

What’s driving the boom in new propert...

May 31st 2021

Changes in the way buy-to-let landlords are taxed on their numerous properties have led to a rise in...

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