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United Kingdom: Changes to the Coronavirus Job Retention Scheme

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published on 28 July 2021 | reading time approx. 2 minutes

 

 

1. The Coronavirus Job Retention Scheme has been extended until 30th September 2021 however, the level of grant available to the employers has been reduced to 60 per cent from August 2021. Please see the summary of changes in the table below:


PeriodGovt. ContributionEmployer ContributionEmployer NIC & Pension
August & September 202160 % of wages up to a cap of £1875 per month20 % of the wages up to £625.00No payment for NIC & Pension from HMRC

Please note, for hours not worked the employee still receives 80 per cent wages up to a cap of £2500.

2. The employer can only claim for employees who were on the payroll on 2nd March 2021. This means, for the claims starting on or after 1st May 2021, the employers must have made an RTI submission to HMRC between 20th March 2020 & 2nd March 2021.

3. To claim under the scheme, the employer must have created and started the PAYE scheme on or before 2nd March 2021 and have a UK, Isle of Man or Channel Island bank account.

4. Additionally the following details will be required for the claim:
  • The billing address on the bank statements
  • The employer PAYE Reference Number
  • Corporation Tax Unique taxpayer’s reference (UTR), Self-Assessment UTR & company registration number (if applicable)
  • The number of employee being furloughed 
  • Each employee’s name & national insurance number
  • The start date & end date of the claim with the claim amounts
  • Employer’s / Agent’s contact number & name
  • The number of usual hours the employee would have worked in the claim period & the number of worked hours in the claim period if the employee’s are on flexible furlough arrangements.
 
5. The due dates for the claim submission:
 
MonthDue BY
August 202114 September 2021
September 202114 October 2021

Once the claim has been submitted, HMRC will transfer the money to the company’s bank account within 6 working days provided all the information is correct.

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