[Jersey] Ministers will extend payroll scheme to March

Ministers on Jersey have announced that - subject to States approval - struggling businesses will continue to receive ‘tapered’ government support to pay employee wages until March 2021. This March, in response to the Covid-19 crisis, the government launched the co-funded payroll scheme. Under the scheme, it agreed to fund 80 per cent of employee wages up to a maximum of £1,600 for firms suffering turnover losses of 30 per cent or more.

During the lockdown, many businesses were forced to close their doors and many have since been operating under strict physical distancing guidelines. The second phase of the payroll scheme currently in place is due to expire on August 1. On August 1, Treasury Minister Susie Pinel and Economic Development Minister Lyndon Farnham announced a ‘phase-three’ extension. It will be in place from September 2020 until March 31, 2021. Jersey Evening Post has further details of the extension.

Ministers on Jersey have announced that - subject to States approval - struggling businesses will continue to receive ‘tapered’ government support to pay employee wages until March 2021. This March, in response to the Covid-19 crisis, the government launched the co-funded payroll scheme. Under the scheme, it agreed to fund 80 per cent of employee wages up to a maximum of £1,600 for firms suffering turnover losses of 30 per cent or more.

During the lockdown, many businesses were forced to close their doors and many have since been operating under strict physical distancing guidelines. The second phase of the payroll scheme currently in place is due to expire on August 1. On August 1, Treasury Minister Susie Pinel and Economic Development Minister Lyndon Farnham announced a ‘phase-three’ extension. It will be in place from September 2020 until March 31, 2021. Jersey Evening Post has further details of the extension.