Here is all you need to know about the changes made and how the furlough scheme is changing - Flexible Furlough.
10th June 2020 is the last date for new entrants for the scheme. Though, 30th June is the date when the scheme will be closed for new entrants, the current minimum of 3 weeks needs to be completed by 30th June 2020. Thus, if you want to furlough your staff in June, add them to the scheme by 10 June 2020.
From 1st July 2020 your staff will be able to work part-time and be furloughed for the time they do not work. BUT guidance on how to calculate will be published by the government on 12 June 2020. NOTE: Employers will be required to report data on usual hours and actual hours worked.
Furlough staff will continue to receive up to 80% of their wages till the end of October, but how much employers will be able to claim under the Flexible Furloughing?
In June and July 2020 there is no changes, thus you will be able to submit CJRS claims as normal.
From August onward employers will have to pay Employer NI and employer pension contributions.
In September: employers can claim 70% of the furlough pay (capped at £2187.50).
In October: employers can claim 60% of the furlough pay (capped at £1875).
FRAUD alert: employees will be able to contract HMRC fraud hotline to report employers who do not pay 80% of furlough pay.
Further details can be found HERE.
Any questions, please let us know.
The information provided in this article is not intended to constitute legal, accountancy or financial advice. You should take independent legal, accountancy or financial advice before relying on the information in this article or before decisions are made or before you embark on any course of action.
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