Furlough Scheme - When do employers need to contribute?
The furlough scheme was announced in 2020 as a means for employers to retain their staff during COVID-19.
Under the furlough scheme, employees currently receive 80% of wages for hours not worked, up to a total of £2,500 a month. However, this is set to change from July, as employers will be required to contribute towards their employees’ wages under the scheme.
Employers will be expected to contribute towards 10% of wages for hours not worked in July, increasing to 20% contribution in August and September.
The government has not addressed whether these contributions will be adjusted due to lockdown easing being delayed from 21 June 2021 to 19 July 2021.
When to make a claim
Claims must be submitted via gov.uk by 11.59pm on the following dates:
|Claim for furlough days in:||Claims must be submitted by:|
|June 2021||14 July 2021|
|July 2021||16 August 2021|
|August 2021||14 September 2021|
|September 2021||14 October 2021|
The end of furlough
It was announced earlier this year, that the furlough scheme (Coronavirus Job Retention Scheme) is set to end on 30 September 2021.
Since the announcement of a delay to restrictions ending, there has been no confirmation as to whether the furlough scheme will be extended further.
For more information on the furlough scheme and potential tax implications, contact us.
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This guide is an informative piece and does not constitute tax advice for individual matters.