The furlough scheme ends at the end of this month, to be replaced by a host of new measures to support businesses through the winter months. This support will be critical as restrictions are reinstated across the country. Many will need to make important decisions to ensure their business survives.
Here’s a closer look at the key winter economic plan announcements and the latest amendments the Chancellor made to these schemes, along with information on how you can reflect some of these in Xero.
Job Support Scheme (JSS)
To support employers experiencing lower demand, the new government JSS (replacement for furlough) will come into effect from 1 November. The scheme will initially run for six months with a review set for the new year, and will be available for all firms with a UK bank account and on a UK PAYE scheme.
Businesses will continue to pay their employees for