The Chancellor has announced that the Coronavirus Job Retention Scheme has been extended until 30 September 2021 and the level of grant available to employers under the scheme will stay the same until 30 June 2021.
From 1 July 2021, the level of grant will be reduced and you will be asked to contribute towards the cost of your furloughed employees’ wages. To be eligible for the grant you must continue to pay your furloughed employees 80% of their wages, up to a cap of £2,500 per month for the time they spend on furlough.
The table below shows the level of government contribution available in the coming months, the required employer contribution and the amount that the employee receives per month where the employee is furloughed 100% of the time.
Wage caps are proportional to the hours not worked.
We have been working alongside other service providers to keep our clients informed on many topics, and we have put links below to useful guides relating to payroll and employment matters surrounding the current crisis:
Other Key announcements:
Time to pay taxes – the government have urged HMRC to enhance their existing time to pay service. HMRC are reportedly asking for minimal evidence in order to agree an arrangement to pay by instalments which is good news.
Ability to claim back SSP from HMRC for up to 2 weeks per employee (who is off work due to COVID 19).
Find further guidance here regarding working from home, employee rights etc. https://www.acas.org.uk/coronavirus
A full summary of the current support measures can found at the links below: