What you need to do for Coronavirus Job Retention Scheme (CJRS) claims – for periods from 1 November (from HMRC announcement on 10 November)
The key facts are:
- The CJRS is being extended until 31 March 2021.
- The government will review the scheme in January 2021.
- 30 November 2020 is the last day employers can submit or change claims for periods ending on or before 31 October 2020.
- The CJRS will remain open until 31 March 2021. From 1 November 2020 employers can claim 80% of an employee’s usual salary for hours not worked, up to a maximum of £2,500 per month.
- Employers can claim for employees who were employed on 30 October 2020, as long as they have made a PAYE RTI submission to HMRC between the 20 March 2020 and 30 October 2020, notifying a payment of earnings for that employee. This may differ where they have re-employed an employee after 23 September 2020.
- All employers with a UK bank account and UK PAYE schemes can claim the grant.
- Employers do not need to have previously claimed for an employee before the 30 October 2020 to claim for periods from 1 November 2020.
- Employers can furlough employees for any amount of time and any work pattern, while still being able to claim the grant for the hours not worked.
- Employers might need to contribute towards the cost of their furloughed employees’ wages for these periods.
- For periods from 1 November 2020, employers will need to pay for the cost of NICs and pension costs.
We will keep you informed of any new developments and guidance as we receive it.
For more information see: https://www.gov.uk/guidance/calculate-how-much-you-can-claim-using-the-coronavirus-job-retention-scheme
If you have any questions or require any assistance with furlough claims please contact us.
November 12th, 2020