Rishi Sunak’s announcement of
targeted support for businesses forced to close because of Covid-19 are
welcome, but there are many unanswered questions, says James Shipp
What is it?
The initial Job Support Scheme (JSS) was designed to help protect jobs that are viable during the pandemic, but where there is not enough work to keep someone employed for 100% of the time.
Following the Chancellor’s, Rishi Sunak, Winter Economy Plan announcement, HM Revenue & Customs (HMRC) have unveiled their online payment support service, with the aim to help up to 11 million Self-Assessment taxpayers spread the cost of their tax payments.
The government has introduced new rules which mean that from 14 September it is against the law to meet in groups of more than 6, either indoors or outdoors.
Businesses may still find themselves in the position where there is no option but to make redundancies despite the Chancellor’s announcement on a further scheme to save jobs.
After much speculation, the Chancellor has announced a successor of the Coronavirus Job Retention Scheme which will end on October 31. The new “Job Support Scheme” (JSS) will begin on 1 November 2020 and run for 6 months, until April 2021.
As part of the Government’s package of measures introduced to support businesses during the COVID-19 epidemic, the Chancellor has announced two extensions to initial changes concerning VAT deferments and the reduced rating of certain supplies.
The Chancellor, Rishi Sunak, has unveiled his emergency COVID rescue plan to protect jobs and the UK economy.