Many of the government’s Coronavirus support schemes are still up and running, including the Coronavirus Job Retention Scheme (CJRS).

Please be aware however that from 1 September 2020, there will be a number of changes to the CJRS including:

  • From 1 September, the CJRS will pay 70% of usual wages up to a cap of £2,187.50 per month for the hours furloughed employees do not work.
  • You will still need to pay your furloughed employees at least 80% of their usual wages for the hours they do not work, up to a cap of £2,500 per month. You will need to fund the difference between this and the CJRS grant yourself.
  • The caps are proportional to the hours not worked. For example, if your employee is furloughed for half their usual hours in September, you are entitled to claim 70% of their usual wages for the hours they do not work up to £1,093.75 (50% of the £2,187.50 cap).
  • You will continue to have to pay furloughed employees’ National Insurance (NI) and pension contributions from your own funds.

Please remember, it’s very important that you provide all the data HMRC needs in order to process your claim. Payment of your grant may be at risk or delayed if you submit a claim that’s incomplete or incorrect. Please get in touch with PKB if you would like to use our claim calculator or would like help accessing the scheme.

You can find further detailed guidance about the CJRS, including which employees you can furlough and claim for on the gov.uk website.

Other articles you may find helpful include:

 

If you have any questions or concerns, please don’t hesitate to get in touch with PKB and we’ll be more than happy to help.

 

To read news and blogs from Rebecca Austin, click here >>

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