How will Flexible Furlough work and what is the SEISS payment? Reply

On the 29th May the Government announced details of how Flexible Furlough will work

June and July will be as before at 80%

August will be 80% but excluding Employers NI and Pension (that should reduce claims by around 5%)

September will be 70% funded and 10% from the employer

October will be 60% funded and 20% from the employer

The scheme end in October

Flexible Furlough (CJRS) starts 1st July allowing the employer to pay employees to work some days and claiming the Coronavirus Job Retention Scheme for the other days

CJRS will be closed to new entrants from 30th June

Last date you can join is 10th June

The Self Employed Income Support Scheme has been extended ad there will be a further pay out in August of 70% up to £6570

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How we are helping clients to claim the Coronovirus Job Retention Scheme (CJRS) Reply

The government have published new guidance

There’s now updated guidance on how to calculate your claim and a simple step-by-step guide.

There will also be a calculator available when the system goes live on Monday for you to check your calculations online before you make your claim.

 

General information about the scheme
• To be eligible for CJRS an employer must agree with the employee that they are
a ‘furloughed worker’.
• Employees must be notified that they have been furloughed.
• Employees must be furloughed for a minimum of three weeks.
• The employee cannot do any work for the employer that has furloughed them.
• You can claim 80% of wages up to a maximum of £2,500 per month per furloughed employee.
• A separate claim is needed for each PAYE scheme.
• You can only claim for furloughed employees that were on your PAYE payroll on or before
19 March 2020.
• An RTI submission notifying payment in respect of that employee to HMRC must have been
made on or before 19 March 2020.
• You must have a UK bank account.

 

Watch our Video to find out how we are helping our clients to make claims

Check our website for all the latest information on government support and get free downloadable guides

https://www.bicknells.net/covid-19

steve@bicknells.net