Any employer, who wishes to furlough their staff, will need to do so by the 10th June at the latest. In this update, read more about the latest on furloughing employees and the Self-Employment Income Support Scheme (SEISS).
Coronavirus Job Retention Scheme (CJRS) closes on 30th June
Any employer, who wishes to furlough their staff, will need to do so by the 10th June at the latest. The Coronavirus Job Retention Scheme (CJRS) closes to new entrants on the 30th June and from this date, employers will only be able to furlough staff that have been furloughed for a full three week period before the 30th June.
Furloughed employees able to work part time from 1st July
One month earlier than previously announced, from the 1st July, employers will be able to bring their staff back to work on a part-time basis. The employer will be responsible for their employees’ wages for the hours worked whilst the CJRS grant will pay for the normal hours not worked.
Tapering CJRS grants from 1st August
From the 1st of August the CJRS grants will be tapered, decreasing the contribution from the government and increasing the contribution by the employer as outlined in the table below.
|
Government contribution, required employer contribution and amount employee receives where the employee is furloughed 100% of the time |
||||
|
|
July |
Aug |
Sept |
Oct |
|
Government contribution |
Yes |
No |
No |
No |
|
Government contribution |
80% up to £2,500 |
80% up to £2,500 |
70% up to £2,187.50 |
60% up to £1,875 |
|
Employer contribution |
No |
Yes |
Yes |
Yes |
|
Employer contribution |
- |
- |
10% up to £312.50 |
20% up to £625 |
|
Employee receives |
80% up to £2500 per month |
80% up to £2500 per month |
80% up to £2500 per month |
80% up to £2500 per month |
*The government contribution covers employer NICs and pension contributions (up to an amount equivalent to the minimum automatic enrolment employer pension contribution) calculated on 80% of wages up to £2,500 a month.
Self-employment Income Support Scheme (SEISS) – second and final grant
Individuals, who are eligible, can claim a second taxable grant worth 70% of their average monthly trading profits, paid out in a single instalment covering three months’ worth of profit, and capped at £6,570 in total.
Applications will open in August 2020 – and further details about this scheme will be available on the gov.uk website on 12th June 2020.
Read more
Government website: Check if you can claim for your employees’ wages through the Coronavirus Job Retention Scheme
Government website: Check if you can claim a grant through the Self-employment Income Support Scheme
Self-employment Income Support Scheme (SEISS) and Coronavirus Job Retention Scheme (CJRS) fact sheets
DISCLAIMER: This information is for guidance only, and professional advice should be obtained before acting on any information contained herein. We will not accept any responsibility for loss to any person as a result of action taken or refrained from in consequence of the contents of this publication.
