Key Dates for the Coronavirus Financial Support Schemes

31^st July 2020

This is the last day to be able to submit claims for the Coronavirus Job Retention Scheme (CJRS) for furlough periods ending on or before 30^th June 2020.

1^st August 2020

This is the last month the government will pay 80% of wages up to £2500 under the CJRS, employers will have to pay the NIC and pension contributions to HMRC.

1^st September 2020

The government will only pay 70% of an employee’s wages and this will be capped at £2187.50 per month. Employers will have to pay the remaining 10% of the furlough pay to ensure that employees are receiving the 80% they were before capped at £2500.

30^th September 2020

This is the last day to apply for the Coronavirus Future Fund convertible loan.

It is also the last day of the moratorium on ‘wrongful trading’ which had been given to insolvent companies.

1^st October 2020

The government will only pay 60% of an employee’s wages and this will be capped at £1875 per month. Employers will have to pay the remaining 20% of the furlough pay to ensure that employees are receiving the 80% they were before capped at £2500.

31^st October 2020

The last day for the CJRS. Employers won’t be able to put staff on the government backed furlough scheme after this date.

4^th November 2020

The final day that you can transfer loans of up to £50,000 from the below in to a Bounce Back Loan if you wish to.

• Coronavirus Business Interruption Loan Scheme
• Coronavirus Large Business Interruption Loan Scheme
• COVID-19 Corporate Financing Facility

30^th November 2020

The final day to make CJRS claims.

31^st March 2021

The deadline for VAT payments that were deferred between March and June 2020.

April 1^st and beyond 2021

Loan repayments for Bounce Back Loan Scheme will start. The exact date will be 12 months after you took the loan out.