The Coronavirus Job Retention Scheme has been extended until 30 September 2021. The scheme will remain as it is until 30 June 2021. From 1 July 2021, the level of grant will be reduced and to remain eligible, employers will contribute towards the cost of furloughed employees’ wages. Employers can continue to choose to top up employees’ wages.
|Government contribution: wages for hours not worked||80% up to £2,500||80% up to £2,500||70% up to £2,187.50||60% up to £1,875||60% up to £1,875|
|Employer contribution: employer NIC and pension contributions||Yes||Yes||Yes||Yes||Yes|
|Employer contribution wages for hours not worked||No||No||10% up to £312.50||20% up to £625||20% up to £625|
For periods starting on or after 1 May 2021, employers can claim for employees who were employed on 2 March 2021, as long as a PAYE Real Time Information submission was made to HMRC between 20 March 2020 and 2 March 2021, notifying a payment of earnings for that employee.
If you have any queries contact Stephen McConnell, Business Services Partner Email: firstname.lastname@example.org or Tel: 028 9032 3466