Coronavirus Job Retention Scheme guidance updated

The eagerly anticipated HMRC guidance relating to how the Coronavirus Job Retention Scheme will operate from July 2020 – October 2020

There is a collection page which lists the various different guidance pages available and is a good starting place for any employers seeking information on the changes to the scheme, please see below some information to assist you.

Eligibility for the scheme

Check if you can claim for your employees’ wages through the Coronavirus Job Retention Scheme

This is the page that employers can use to establish if they’re eligible for the scheme, and how much they can claim for employees who are on furlough due to coronavirus.

Check which employees you can put on furlough to use the Coronavirus Job Retention Scheme

Here, employers can find out which employees they are able to place on furlough, and make a claim in relation to, via the Coronavirus Job Retention Scheme.

Establishing how much can be claimed

Steps to take before calculating your claim using the Coronavirus Job Retention Scheme

This page will assist employers in deciding upon the length of a claim period, determining what to include when calculating wages and establishing what the employee’s usual and furloughed hours are prior to calculating how much to claim.

Calculate how much you can claim using the Coronavirus Job Retention Scheme

This will help employers to calculate how much they are required to pay furloughed employees for hours on furlough, and what they can claim back, and how much can be claimed for employer National Insurance contributions and pension contributions.

Find examples to help you calculate your employees’ wages

There are various illustrative examples on this guidance page to help employers with calculating their employee’s wages, National Insurance contributions and pension contributions when claiming through the Coronavirus Job Retention Scheme.

Claiming and reporting earnings

Claim for wages through the Coronavirus Job Retention Scheme

This guidance assists employers in claims for 80% of employee wages, plus any employer National Insurance and pension contributions, where they have been placed on furlough.

Reporting employees’ wages to HMRC, when you’ve claimed through the Coronavirus Job Retention Scheme

Employers can find out how and when to report employees’ wages to HMRC using the PAYE Real Time Information system.

Changes to the scheme from 1 July 2020

Changes to the Coronavirus Job Retention Scheme

This policy paper gives an overview of the changes to the Coronavirus Job Retention Scheme, from 1 July 2020 to its closure on 31 October 2020.

It includes the following useful table:

Kind regards

SIMCO Business Team

#staysafe