Coronavirus Job Retention Scheme (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. These are 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.
Once you’ve claimed, you’ll get a claim reference number. HMRC will then check that your claim is correct and pay the claim amount by BACs into your bank account within 6 working days.
When the scheme closes, you must decide to either:
- bring your employees back to work on their normal hours
- reduce your employees’ hours
- terminate their employment (normal redundancy rules apply to furloughed employees)