Treasury Direction in relation to the Extension of the Coronavirus Job Retention Scheme.

On 13th November, the Chancellor made a Treasury Direction under Section 71 and 76 of the Coronavirus Act to extend and modify the effect of the Coronavirus Job Retention Scheme.

The Direction sets out that HMRC are responsible for the payment and management of amounts to be paid under the scheme. The schedule to this direction sets out the scheme applying for the period beginning on 1 November 2020, and ending on 31 January 2021. The scheme applying after 31 January 2021 will be set out in a further direction made by the Treasury in exercise of the powers conferred by sections 71 and 76 of the Coronavirus Act 2020.

This schedule withdraws the Coronavirus Job Retention Scheme (Job Retention) Bonus established by part 2 of the Schedule to the direction made on 1 October 2020 by the Treasury in exercise of the powers conferred by sections 71 and 76 of the Coronavirus Act 2020 because the purpose of the Job Retention Bonus has been superseded by the provision made by part 1 of this schedule.

Opinion

This direction notice sets out the legal requirements and basis for the extension of the Coronavirus Job Retention Scheme, who qualifies, what is required in relation to calculations and conditions for claim etc.

PAYadvice.UK 13/11/2020

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