JOB SUPPORT SCHEME - Key Points
- The scheme will run initially for 6 months from 1 November-30 April 2021
- An employee must be working at least 33% of their usual hours
- For the "lost hours" (up to 67%) the employer will pay 1/3, HMRC will pay 1/3 and the employee will lose 1/3.
- HMRC's contribution is capped at £697.92 per month
(It is the employee who benefits from the scheme; the employer retains staff but will have to pay out for more hours than what an employee has actually worked and therefore gains no direct financial benefit)