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Update 1 June – Changes to Furlough Scheme and Self-Employment Income Support Scheme (SEISS) extended

The Chancellor, Rishi Sunak, has unveiled a series of changes to the Coronavirus Job Retention Scheme (CJRS) and has extended the Self-Employment Income Support Scheme.

The changes to the CJRS will begin to take effect from July, with employers being able to bring back previously-furloughed workers on a part-time basis, with the value of the grant to employers then tapering downwards from August until the close of the scheme in October. The CJRS will also close to new entrants from 30 June, meaning the last date an employee can be furloughed for the first time will be 10 June 2020.

Meanwhile, the Chancellor also announced an extension to the Self-Employment Income Support Scheme (SEISS), with confirmation of a second round of grants opening in August, this time equivalent to 70 per cent of three month’s average trading profit, capped at £6,570.