Coronavirus Job Retention Scheme Update

CJRS

The Coronavirus Job Retention Scheme (CJRS) grant claim changes again 1 September. Please talk to us if you would like us to help estimate your claim.

  • From 1 September CJRS will pay 70% of usual wages up to a cap of £2,187.50 per month for the hours furloughed employees do not work.
  • You will still need to pay your furloughed employees at least 80% of their usual wages for the hours they do not work, up to a cap of £2,500 per month. You will need to fund the difference between this and the CJRS grant yourself.
  • The caps are proportional to the hours not worked. For example, if your employee is furloughed for half their usual hours in September, you are entitled to claim 70% of their usual wages for the hours they do not work up to £1,093.75 (50% of the £2,187.50 cap).
  • You will continue to have to pay furloughed employees’ National Insurance (NI) and pension contributions from your own funds.

Further guidance and live webinars offering you more support on changes to the scheme and how they impact you are available to book online – here’s the link to the government website.

Making sure your data is right

It is important that you provide all the data HMRC needs to process your claim. Payment of your grant may be at risk or delayed if you submit a claim that is incomplete or incorrect.

Find out which employees you can put on furlough and claim for through the CJRS here.

If you have any questions, please contact us on 01295 477 250 alternatively you can email hello@progressaccountants.com.

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