As you may be aware, Rishi Sunak made further announcements yesterday changing some of the current measures in please regarding the new Job Support Scheme and SEISS. Below I will summarise the changes.

Job Support Scheme changes

The Job Support Scheme has been made more generous, with employers only contributing 5 per cent of wage bills for employees on days not worked. And, rather than having to work at least a third of their usual hours, now employees only have to work 20 per cent of minimum hours, so those working just one day a week will be eligible.

There is more detailed guidance here

There are worked examples within the above, so hopefully, helpful to you, but of course we can give you advice on your specific situation. The scheme is currently available for 6 months from 1st November 2020.

The Self-employed Income Support Scheme (SEISS)

This will be more generous, with the government covering an average of 40 per cent of lost profits compared to the current 20 per cent, meaning the maximum grant will increase from £1,875 to £3,750. How and when to claim this third grant are yet to be published.

Any business in Tier 2 with its business restricted, such as hospitality, accommodation and leisure, can now claim a monthly grant of £2,100 backdated to August. This is 70 per cent of the £3,000 grant available for business closed in the highest Tier 3 level. With grants for businesses in hospitality, leisure, and tourism being backdated to August, businesses under restrictions can claim up to £4,200 from 22nd October 2020.