The Business Exchange Swindon & Wiltshire Edition 49: June/July 2020 - Page 17
us Job Retention Scheme
iltshire Growth Hub gives clarity on the
t it means for businesses furloughing staff.
to claim the grant for their
r business premises, consider
f back part time on staggered
ocial distancing rules while
taff part time to better utilise
irements, you may want to
ll time and others part time
elp you in managing annual
k staff to cover for holidays.
grant provided through the
to taper off according to the
cent of wages up to a cap of
ional Insurance (ER NICs) and
urs the employee doesn’t
ay employees for the hours
o pay 80 per cent of wages
yers will pay ER NICs and
average claim, this represents
sts that they would have
t been furloughed.
cent of wages up to a cap
mployee does not work –
nsion contributions and 10
0 per cent of the total up to a
The Government will pay 60 per cent of wages up to a
cap of £1,875 for the hours the employee does not work –
employers will pay ER NICs, pension contributions and 20
per cent of wages to make up 80 per cent of the total up to a
cap of £2,500.
Remember the cap on the furlough grant will be
proportional to the hours not worked.
Many smaller employers have some or all of their
employer NIC bills covered by the Employment Allowance so
will not be significantly impacted by that part of the tapering
of the government contribution.
Around a quarter of CJRS monthly claims relate to wages
that are below the threshold where employer NICs and
auto enrolment contributions are due, and so no employer
contribution will be required for these furloughed employees
The Coronavirus Job Retention Scheme will close to new
entrants from 30th June. From this point onward, employers
will only be able to furlough employees that they have
furloughed for a full three-week period prior to 30thJune.
This means that the final date by which an employer can
furlough an employee for the first time will be 10th June for
the current three-week furlough period to be completed by
30th June. Employers will have until 31st July to make any
claims in respect of the period to 30th June.
Guidance and support
Further support for employers and agents on how to
calculate claims with this extra flexibility will be available by
12th June, including webinars and detailed online guidance.
For information about how to claim, go to GOV.UK and search
‘Coronavirus Job Retention Scheme’
If you would like to talk to me or one of the Growth Hub
Team, please get in touch. Call: 01793 698005 or email:
Visit the SWLEP online at:
THE BUSINESS EXCHANGE 2020 9