News
Further detail to the Coronavirus Job Retention Scheme
On Friday 29th May 2020 the Chancellor's announcement sought to add flesh to the bones of the Government's extension to the Coronavirus Job Retention Scheme, the extension from the initial cessation of support at the end of May being first set out in the Treasury's Direction on 22nd May 2020, which sought to provide a gradually fading level of support from August to October 2020.
In June and July, employers have been told they will continue to receive normal levels of support.
From August, employers will have to pay NI and pension contributions.
September sees the 80% payment of wages drop to 70% with employers making up the 10% with the remaining 20% difference remaining optional to employers to top up or not.
The Government will then reduce the level of support form 70% to 60% with employers required to contribute 20% and the balance remaining optional for employers to top up.
From July until the end of the Scheme, employers will be able to bring staff back to work whilst furloughed, the Chancellor giving the example of a part-time return. The detail is unclear as to the degree of flexibility being afforded (whether simply limited to part time return and if this could extend to partial-days) and what impact this has on the level of support
