The guidance on the CJRS has been updated, and new guidance has been published for calculating claims.
The changes outlined mean that employers will be required to gradually take back responsibility for the salaries of any furloughed employees until the end of the scheme.
A policy paper has been published by HMRC outlining changes to the CJRS that will apply from 1 July 2020, along with an update to the existing guidance. New and updated guidance explaining how employers should calculate claims under the CJRS and what steps to be taken has also been published.
Further information has also been added on the following:
- record keeping requirements after making a claim under the scheme
- accounting for NIC and pension contributions on the amount claimed
- what to do where an amount is over-claimed
- what happens when the Government ends the scheme on 31 October 2020
- furloughed employees returning from maternity, shared parental, adoption, paternity or parental bereavement leave after 10 June 2020
- employee transfers under TUPE and on a change in ownership
- using minimum furlough periods, and
- holiday pay
If you require any support in relation to the Coronavirus Job Retention Scheme, or any other tax matters, do not hesitate to contact us.
Source – Lexis Nexis via Tolley Guidance