Key dates for changes to Coronavirus Job Retention Scheme

Woodfines Solicitors

12th June 2020

We provide the important dates to note since the announcement on reforms to the Coronavirus Job Retention Scheme last week.

12 June: Further guidance on flexible furlough and calculation of claims under the flexible scheme will be published.

30 June: The furlough scheme closes to new entrants.

From 1 July: ‘flexible furlough’ is being introduced, which means employees will be able to work part-time and be furloughed part-time. Businesses will decide how that will work (in terms of the time split) and they can still claim furlough grant for normal hours not worked.

31 July: Employers have until this date to make any claims in respect of Furlough periods before 30 June.

From 1 August: Employers will have to pay employee’s national insurance contributions and pension contributions, and can no longer reclaim them through the CJRS.

From 1 September: The government will only reimburse 70% of salary (up to a maximum of £2,190). Employers are required to top-up to 80% (or more, depending on what the employer agreed with the employee). Employers will pay employer NICs and pension contributions and 10% of wages to make up 80% total up to a cap of £2,500.

Throughout October: Government will pay 60% of wages up to a cap of £1,875 for the hours the employee does not work. Employers will pay employer NICs and pension contributions and 20% of wages to make up 80% total up to a cap of £2,500.

31 October: The Furlough scheme will close.

Self Employed Grant 
The self-employed grant is being extended, with applications opening in August for a second and final grant. There will be parity with the reducing furlough scheme, paying 70% (not 80%) of average earnings up to £6,750.

For more information on the above please contact the employment team at employmentlaw@woodfines.co.uk

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