Jersey's co-funded payroll scheme updated for hospitality sector
Jersey's co-funded payroll scheme will be updated in a bid to support businesses affected by the island-wide hospitality lockdown.
Gyms, food wholesalers and licensed premises will now be able to claim a higher level of financial support, dependent on the financial detriment they have suffered compared to the previous year, plus 20%
The co-funded payroll scheme will increase the amount contributed by the government from 80% to 90% - meaning businesses will be able to claim up to £1,800 per employee per month.
The extended scheme will run until at least March 2021 but will be regularly reviewed.
GST and Social Security Contribution deferrals have also been extended, with businesses who have closed eligible to defer their Quarter 4 contributions for up to two years. There will also be an extended payment window of two years for businesses which need to pay any outstanding GST and social security contributions for the third quarter of the year.
New businesses which have started since March 2020 will also be eligible for support.