Here is an outline of the Coronavirus Job Retention Scheme (better known as Furlough) Key Dates:
10th July – Employees who have not yet registered for furlough must have registered by this date in order to be eligible.
1st July – Employees who were previously furloughed, can come back to work on a part-time basis
1st August – Employers must contribute to employees pension and NI.
1st September – Employers must contribute 10% (of the 80%) and pay pension and NI contributions.
1st October – Employers must contribute 20% (of the 80%) and pay pension and NI contributions.
31st October – The furlough scheme was supposed to end. Now employers can bring previously furloughed staff back on a part-time basis, and are only asked to pay for the employer NI and employer pension.
31st December – New end date for the furlough scheme.
1st January – Job support scheme starts
Need help with your payroll, furlough, or just want to chat through your accounts with someone and ask a few questions? Contact us at ,,info@cooperfinancials.com or book a free review ,,here!