IMPORTANT INFORMATION ABOUT KEY DATES FOR THE CORONAVIRUS JOB RETENTION SCHEME (CJRS)
ACTIONS YOU MIGHT NEED TO TAKE
Submit your CJRS claim for periods ending on or before 30th June 2020 by 31st 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 31st July to be able to make a claim for future months.
From 1st 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 1st 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.
THE JOB RETENTION BONUS
A one-off payment of £1,000 to employers who have claimed under CJRS for each furloughed employee who remains continuously employed until at least 31st January 2021.
More information about this scheme will be available on 31st July.
For further details please click here