Coronavirus Job Retention Scheme (CJRS) Claims Deadline Approaching
Coronavirus Job Retention Scheme (CJRS) claims for periods ending on or before 30 June 2020 must be made by 31 July 2020.
Employers must submit all CJRS claims for periods ending on or before 30 June 2020 by 31 July 2020. Claims made after this date will not be possible for these periods. Employers need to have made a claim on or before 31 July to be able to make a claim under the new flexible furlough scheme for July or future months.
From 1 August 2020 the scheme will no longer fund employers' national insurance and pension contributions for furloughed employees.
For August, the Government will continue to pay 80% of wages, up to a maximum of £2,500 proportional to the hours the employee is furloughed. For September, 70% of wages up to £2,187.50, and for October, 60% of wages up to a maximum of £1,875. During these months, employers will have to top up employees’ wages to ensure they receive 80% up to the £2,500 cap.
In addition, HMRC said that more information on the Job Retention Bonus announced in the Summer Economic Update will be available on 31 July.
The Job Retention Bonus is a one-off payment of £1,000 to employers who have claimed under the CJRS for each furloughed employee who remains continuously employed until at least 31 January 2021.
If you would like any additional information, or help submitting CJRS claims, please don’t hesitate to contact our Audit & General Practice Partner, Chris Moss, on the details below:
Audit and General Practice Partner
direct dial: 01942 292587
mobile: 07973 129273