From 1 September the Coronavirus Job Retention Scheme (CJRS) will pay 70% of usual wages up to a cap of £2,187.50 per month for the hours furloughed employees do not work.
Employees will still need to pay furloughed employees at least 80% of their usual wages for the hours they do not work, up to a cap of £2,500 per month.
The caps are proportional to the hours not worked. For example, if an employee is furloughed for half their usual hours in September, the employer is entitled to claim 70% of their usual wages for the hours they do not work up to £1,093.75 (50% of the £2,187.50 cap).
Employers will continue to have to pay furloughed employees’ National Insurance (NI) and pension contributions from their own funds.
HMRC is offering further guidance and live webinars on changes to the scheme and how they impact businesses are available to book online – go to the gov.uk website and search ‘help and support if your business is affected by coronavirus’.