• Allison Houghton

Coronavirus Job Retention Scheme (CJRS) IMPORTANT UPDATE ...

We are writing to remind you about key dates for the Coronavirus Job Retention Scheme (CJRS) and actions you might need to take.


KEY DATES:

  • 31/07/2020 - Submit your CJRS claim for periods ending on or before 30‌‌‌ ‌June 2020

  • 01/08/2020 - the scheme will no longer fund employers’ National Insurance (NI) and pensions contributions for furloughed employees. You will have to make these payments from your own resources.

  • 30/09/2020 - Grants will be for 70% of usual wages in September, but furloughed employees will continue to be entitled to receive at least 80% of their usual wages. You will have to make up the difference from your own resources.

  • 31/10/2020 - Grants will be for 70% of usual wages in October, but furloughed employees will continue to be entitled to receive at least 80% of their usual wages. You will have to make up the difference from your own resources.


JOB RETENTION BONUS:


HMRC recently wrote to all employers about the introduction of the new JOB RETENTION BONUS.

A one-off payment of £1,000 to employers who have claimed under CJRS for each furloughed employee who remains continuously employed until at least 31‌‌‌ ‌January 2021.

HMRC will release more information about this scheme on 31‌‌‌ ‌July.

12 views0 comments

Recent Posts

See All

Do you have employees working from home due to COVID?

You may be able to claim tax relief for additional household costs if you have to work at home on a regular basis, either for all or part of the week. This includes if you have to work from home bec