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9th September 2020

Coronavirus Job Retention Scheme (CJRS) Changes

Filed Under: Coronavirus / COVID-19 updates


Over the next couple of months, the level of grant will reduce with the CJRS eventually coming to an end on 31 October 2020.

From September 2020:

  • The Government will pay 70% of wages up to the value of £2,187.50
  • Employers are required to pay 10% of wages to make up the furlough claim to 80% (up to the value of £2,500)
  • Employers must pay employers NIC & employers pension contributions

From October 2020:

  • The Government will pay 60% of wages up to the value of £1,875
  • Employers are required to pay 20% of wages to make up the furlough claim to 80% (up to the value of £2,500)
  • Employers must pay employers NIC & employers pension contributions

Job Retention Bonus Scheme 

From 1 February 2021, all businesses can apply for a £1,000 Job Retention Bonus for each employee brought back from furlough for at least 3 months. The employee must earn at least an average of £520 per month within the 3-month period covering November 2019 to January 2020.  More details about this process will be published in due course.

Employees Returning from Statutory Parental Leave

Employees whose parental leave started before 10 June 2020 and return after this date, can be furloughed for the first time providing they were on the company’s PAYE scheme on or before 19 March 2020 and the company had previously furloughed employees.

Overpaid Coronavirus Job Retention Scheme 

If you believe you’ve overclaimed through the CJRS you must notify HMRC within 90 days of receiving the grant or by 20 October 2020. If you do not do this, you may have to pay a penalty.

If you have any queries please feel free to contact us on 01903 300230.

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