Coronavirus Job Retention Scheme

THE FURLOUGH SCHEME HAS BEEN EXTENDED UNTIL THE END APRIL 2021 AT 80%

Employers will pay 80% of usual wages up to a cap of £2,500 with NI and pension contributions also being covered for hours not worked. This is subject to review in January 2021.

 

The extended furlough will continue to be flexible - so employees can be furloughed part-time or full-time.

To access the scheme, employees must have been part of the company's PAYE scheme on 31st October or before. You don't have to have used the scheme previously.

The Job Support Scheme has been postponed until the end of the new furlough period - further information to follow when we have it.

PREVIOUS KEY INFORMATION

  • August: employers pay ER NICs and pension contributions

  • September: The government will pay up to 70% of salary up to £2,187.50. Employers will be expected to pay ER NICs and pension contributions and 10% of salary

  • October: The government will pay up to 60% of salary up to £1,875.00. Employers will be expected to pay ER NICs and pension contributions and 20% of salary

 

How to access the scheme

You will need to:

  • have employees who have created or started a payroll scheme on or before 19 March 

  • designate affected employees as ‘furloughed workers,’ and notify your employees of this change 

  • submit information to HMRC about the employees that have been furloughed and their earnings through the online portal

 

More information:

  • Flexible furloughing started from 1st July - employers may bring back staff on a part-time basis and these hours must be paid as normal by the employer and may not be included as part of the furlough claim​

  • The scheme went live on 20 April

  • Applicants access the system using their current government gateway login

  • Following the initial backdated claims, claims can be made no more than 14 days before payrolls are run but will be accepted for the different pay periods 

  • Tax agents who are authorised to act for PAYE matters will be able to file claims on behalf of their clients  

  • Employees can be full-time, part time, agency, flexible or zero hours

  • CJRS relief can be backdated to the 1 March, but will be limited to being backdated to the day the employee completely stopped undertaking duties of the employment post 1 March

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EBS Accountants Ltd is registered in England & Wales.
Registered company number: 3748728
Registered office address:

Mayden House, Long Bennington Business Park,

Main Road, Long Bennington, NG23 5DJ

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