Covid-19 Business Update 13 – Monday 15th June 2020
Following our previous update on 1st June 2020, please find below notable changes that have been released via gov.uk.
Coronavirus Job Retention Scheme (CJRS)
The first time you will be able to make claims for days in July will be 1 July, you cannot claim for periods in July before this point.
31 July is the last day that you can submit claims for periods ending on or before 30 June.
From 1 July, employers can bring furloughed employees back to work for any amount of time and any shift pattern, while still being able to claim CJRS grant for the hours not worked.
From 1 August 2020, the level of grant will be reduced each month. To be eligible for the grant employers must pay furloughed employees 80% of their wages, up to a cap of £2,500 per month for the time they are being furloughed.
Employers will continue to able to choose to top up employee wages above the 80% total and £2,500 cap for the hours not worked at their own expense if they wish.
Employers will have to pay their employees for the hours worked.
Wage caps are proportional to the hours not worked.
The timetable for changes to the scheme is set out below:
July |
August |
September |
October |
|
Government contribution: employer NICs and pension contributions |
Yes | No | No | No |
Government contribution: wages |
80% up to £2,500 | 80% up to £2,500 | 70% up to £2,187.50 | 70% up to £2,187.50 |
Employer contribution: employer NICs and pension contributions |
No | Yes | Yes | Yes |
Employer contribution: wages |
– | – | 10% up to £312.50 | 20% up to £625 |
Employee receives |
80% up to £2,500 per month | 80% up to £2,500 per month | 80% up to £2,500 per month | 80% up to £2,500 per month |
As a final note, the Coronavirus Job Retention Scheme will close on 31 October 2020.
Return to our Dedicated Page for Covid-19 Client Updates