COVID-19 – Latest update on Job Retention Scheme

Latest guidance on the Government’s Job Retention Scheme has been published. Please click on the link below:

https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme 

Headlines are:
1. Scheme open to anyone who had PAYE scheme in place from 28 February 2020. So new hires after that point will not be covered.
2. Furlough is for minimum periods of 3 weeks.
3. Employers can reclaim up to 80% of wage costs up to a cap of £2,500 plus associated employer NICS and minimum auto enrolment pension contributions.
4. Employees whilst on furlough must not work at all. If they have more than one employer, a separate provision will relate to each employer.