Reminder: Upcoming key dates for the Coronavirus Job Retention Scheme

In the next few weeks, employers may need to submit additional information or change the way they manage their Coronavirus Job Retention Scheme (CJRS) claims.

To help you prepare, here are some key dates and actions you may need to take:

• 1 September 2020 – Employers will have to start contributing to the wages of furloughed employees. Grants will be for 70 per cent of usual wages in September, but furloughed employees will continue to be entitled to receive at least 80 per cent of their usual wages and so employers are expected to make up the difference from their own resources.
• 1 October 2020 – Grants will be for 60 per cent of usual wages in September, but furloughed employees will continue to be entitled to receive at least 80 per cent of their usual wages and so employers are expected to make up the difference from their own resources.
• 31 October 2020 – The scheme closes and employers must cover the entirety of the staff members’ wages going forward.

Employers that are struggling to administer the changes to the CJRS should seek professional support to ensure they are compliant. To find out how we can help, please contact us.