Are you aware the UK Government will continue to pay 80% of furloughed employees’ usual wages for the hours not worked, up to a cap of £2,500 per month, to the end of June.
In July, CJRS grants will cover 70% of employees’ usual wages for the hours not worked, up to a cap of £2,187.50. In August and September, this will then reduce to 60% of employees’ usual wages up to a cap of £1,875.
Employers will need to pay the 10% difference in July (20% in August and September), so that they can continue to pay their furloughed employees at least 80% of their usual wages for the hours they do not work during this time, up to a cap of £2,500 per month.
For the hours not worked employers can continue to choose to top up their employees’ wages above the 80% level or cap for each month, at their own expense.
Remember to keep all records that support the amount of CJRS grants you claim, in case HMRC needs to check them and make sure you’re paying employee tax and National Insurance contributions to HMRC.