9 milestone dates accountants must know about the Coronavirus Job Retention Scheme

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.

Date Milestone
10 JuneLast date to furlough employees for the first time, to be eligible until October.
12 JuneGuidance on changes to CJRS available on GOV.UK.
30 JuneCJRS closes to anyone who hasn’t been furloughed for three weeks before this date.
1 JulyFlexible 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 JulyFinal date to submit claims for staff furloughed before 30 June.
1 AugustEmployers now pay national insurance (NI) and pension contributions for furloughed employees.
1 SeptemberEmployers now pay 10% of furloughed wages, plus NI and pension contributions.
1 OctoberEmployers now pay 20% of furloughed wages, plus NI and pension contributions.
31 OctoberScheme closes.

David Nunn is Content Manager at AAT.

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