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26
Jul
COVID-19 Government Support News: 26th July 2021
Please note that this update is correct as of the 26th July 2021. If you need any help or have any questions on the below please contact us on 01256 883 012.
Coronavirus Job Retention Scheme (CJRS) Update
CJRS claims for July can now be submitted and must be made by Monday 16 August.
Employers can claim 70% of furloughed employees' usual wages for the hours not worked, up to a cap of £2,187.50 per month. They will need to pay the difference, so that they continue to pay furloughed employees at least 80% of their usual wages in total for the hours they do not work, up to a cap of £2,500 a month.
Employers can still choose to top up employees' wages above the 80% level or cap for each month if they wish, at their own expense.
From 1 August 2021, the government will pay 60% of wages up to a maximum cap of £1,875 for the hours the employee is on furlough.
The 60% support will continue until the end of September.
|
Upcoming CJRS Claims |
July |
August |
September |
|
Government contribution: wages for hours not worked |
70% up to £2187.50 |
60% up to £1875 |
60% up to £1875 |
|
Employer contribution: employer National Insurance contributions and pension contributions |
Yes |
Yes |
Yes |
|
Employer contribution wages for hours not worked |
10% up to £312.50 |
20% up to £625 |
20% up to £625 |
|
For hours not worked employee receives |
80% up to £2500 per month |
80% up to £2500 per month |
80% up to £2500 per month |
Click here to claim for wages through the Coronavirus Job Retention Scheme.
Self-Employment Income Support Scheme (SEISS) update
The claims service for the fifth SEISS grant will open from late July. In the meantime, here is the latest SEISS update from HMRC.
Personal claim dates
Shortly HMRC will be contacting every customer who may be eligible for the fifth grant, to tell them their personal claim date. Customers can claim from this date up until the claims service closes on 30 September 2021.
Claims made before the personal claim date will not be processed. This is to ensure the system is fast and easy to use for everyone on their given date, and that telephone support continues to be available for those who need it most.
Preparing turnover figures
The majority of customers claiming the fifth SEISS grant will need to provide turnover figures in order to make a claim. The turnover figures will be used to compare the 'pandemic year' with a 'reference period'.
Detailed instructions on how to prepare turnover for the 12-month period starting on any date from 1 to 6 April 2020 (the 'pandemic year'), and where to find turnover for 2019-20 or 2018-19 (the 'reference period'), can be found here.
Please contact us if you need help with your turnover figures.
