There have been many government updates in the last two weeks, in the main they have been slight amendments to take account of easement of lockdown, today there is one update that we want to make you aware of particularly if your business currently is or intends to benefit from the Job retention scheme or as we all know it the “Furlough Scheme”.
Please read as follows;
If you want to use the Furlough Job Retention Scheme.
For periods starting on or after 1 May 2021, you can claim for employees who were employed on 2 March 2021, as long as you have made a PAYE Real Time Information (RTI) submission to HMRC between 20 March 2020 and 2 March 2021, notifying a payment of earnings for that employee.
You do not need to have previously claimed for an employee before the 2 March 2021 to claim for periods starting on or after 1 May 2021.
For periods ending on or before 30 June 2021 you can claim 80% of an employee’s usual salary for hours not worked, up to a maximum of £2,500 per month. From 1 July 2021, the level of grant will be reduced each month and you will be asked to contribute towards the cost of your furloughed employees’ wages.
You do not need to have previously claimed for an employee before the 30 October 2020 to claim.
Employers can furlough employees for any amount of time and any work pattern, while still being able to claim the grant for the hours not worked.
You will need to pay for employer National Insurance contributions and pension costs.
Find out more information on employer contributions to the Coronavirus Job Retention Scheme.
If you need more details or support from our team please make contact with your lead HR consultant or our emergency help line number.
