The Coronavirus Job Retention Scheme, also known as the Furlough scheme, has now been extended until the end of April 2021. The UK Government will pay 80% of employees’ usual wages for hours not worked, up to a cap of £2,500 per month.
Employers will pay employer National Insurance Contributions and pension contributions only for the hours the employee does not work.
Neither the employer nor the employee needs to have previously used the Coronavirus Job Retention Scheme.
You can find out more about the scheme here
Furlough scheme key dates:
14 January 2021 – final date to submit claims for December 2020 by 11:59pm
15 February 2021 – final date to submit claims for January 2021 by 11:59pm
15 March 2021 – final date to submit claims for February 2021 by 11:59pm
14 April 2021 – final date to submit claims for March 2021 by 11:59pm
14 May 2021 – final date to submit claims for April 2021 by 11:59pm.
Furlough for caring responsibilities
Your employees can ask to be furloughed because they have caring responsibilities resulting from coronavirus, such as caring for children who are at home as a result of school or childcare closing. You can place them on furlough and claim for them under the Coronavirus Job Retention Scheme.
You will need to keep any records that support the amount of Coronavirus Job Retention Scheme grant you claim, in case HMRC needs to check them.
On 26 January the Government will be publishing a list of employer names who have claimed via the Coronavirus Job Retention Scheme for periods from December 20 onwards.
From February, they will publish the names, an indication of the value of claims and Company Registration Numbers (for those who have one) of employers who make Coronavirus Job Retention Scheme claims for periods starting on or after 1 December.
They will not publish details of employers claiming through the scheme if they can show that publicising these would result in a serious risk of violence or intimidation to individuals, or those living with them. Find out more and complete the online application form click here.