The Government has announced a raft of changes for the Coronavirus Job Retention Scheme, including a timetable for updates.
You can read how part-time furloughing and employer contributions will work in AAT’s Knowledge Hub Revised Guide to the Coronavirus Job Retention Scheme.
In addition, here are nine key dates you need to be aware of, summarised from the latest HMRC guidance.
|10 June||Last date to furlough employees for the first time, to be eligible until October.|
|12 June||Guidance on changes to CJRS available on GOV.UK.|
|30 June||CJRS closes to anyone who hasn’t been furloughed for three weeks before this date.|
|1 July||Flexible furloughing begins – businesses can bring back employees as needed. CJRS grant will cover usual hours not worked. Flexible furloughing continues until the scheme closes|
|31 July||Final date to submit claims for staff furloughed before 30 June.|
|1 August||Employers now pay national insurance (NI) and pension contributions for furloughed employees.|
|1 September||Employers now pay 10% of furloughed wages, plus NI and pension contributions.|
|1 October||Employers now pay 20% of furloughed wages, plus NI and pension contributions.|
|31 October||Scheme closes.|
David Nunn is Content Manager at AAT.