CORONAVIRUS JOB RETENTION SCHEME
Dates to Note
10th June - This was the final date that you could place an employee on furlough for the first time
30th June - From this date the CJRS closes to any new entrant. From this point onwards, you will only be able to furlough employees that you have furloughed for a full three-week period prior to 30 June
1st Jul - From this date the scheme allows some part-time working
1st July - A new calculation will apply to factor in the cost of hours worked to hours furloughed ratio
1st August - From this date employers will be required to pay the ER NICs and pension contributions that were previously covered by the scheme
1st August - a new minimum reporting period of one week will apply
1st September - From this date the amount paid by HMRC will reduce to 70% up to a cap of £2,187.50 for the hours the employee does not work – employers will pay ER NICs, pension contributions and 10% of wages to make up 80% of the total up to a cap of £2,500
1st October - From this date the amount paid by HMRC will reduce to 60% of wages up to a cap of £1,875 for the hours the employee does not work – employers will pay ER NICs, pension contributions and 20% of wages to make up 80% of the total up to a cap of £2,500
31st October - The Coronavirus Job Retention Scheme will end