Changes to the Job Retention Scheme
HMRC are making some changes to the Coronavirus Job Retention Scheme and how flexible furloughing can support your business.
Key dates to make sure you can claim through the Coronavirus Job Retention Scheme
- Submit your Coronavirus Job Retention Scheme claim for periods ending on or before 30 June 2020 by 31 July 2020. This is the last date you can make those claims. You need to have made a claim at any point on or before 31 July to be able to make a claim for future months.
- From 1 August 2020 the scheme will no longer fund employers’ National Insurance (NI) and pensions contributions for furloughed employees. You will have to make these payments from your own resources.
- From 1 September 2020 you will have to start contributing to the wages of your furloughed employees. Grants will be for 70% of usual wages in September and 60% in October, but furloughed employees will continue to be entitled to receive at least 80% of their usual wages. You will have to make up the difference from your own resources.
HMRC are running live webinars to explain the extension to the Coronavirus Job Retention Scheme and flexible furloughing.
If you are interested click here to register: choose a date and time
They will be covering the latest information and updates including:
- An overview of changes to the scheme, including how you can now bring previously furloughed employees back to work to suit the needs of your business
- An introduction to flexible furloughing and how it works
- An example of how to work out the wages of flexibly furloughed employees
- Information on key dates and claims periods
- An overview of upcoming changes to the scheme in August, September and October as the level of the grant is slowly reduced and employers will be asked to contribute towards the cost of furloughed employees’ wages.
HMRC are also running a live webinar to explain how to use the Coronavirus Statutory Sick Pay Rebate Scheme.
If you are interested click here to register: choose a date and time.
It will cover the following:
- who can claim
- who you can claim for
- how to make a claim
- what you may be entitled to.
More information about the Job Retention Bonus
HMRC are introducing the Job Retention Bonus to reward and incentivise employers who continue to employ their furloughed employees through to the end of January 2021. The bonus will be a one-off payment of £1,000 to UK employers who have claimed under CJRS for each furloughed employee who remains continuously employed until at least 31 January 2021.
Employees must earn above the National Insurance lower earnings limit (£520 per month) on average between 31 October 2020 when the CJRS ends and the end of January 2021.
Lambeth Council are working with Get Set UK to provide Coronavirus (COVID-19) Advice & Support for Employers
With our partners Get Set UK, Lambeth Council’s Opportunity Lambeth can support you with up to date advice on the Job Retention Scheme, and help you to apply for funding. To find out more or to register for the service, please call the Opportunity Lambeth Employment Helpline on 020 7926 0500 or email us at email@example.com