03 September 2020 Julia Ascott, Employment Taxes Specialist
A quick reminder to all that the financial support offered by the Government under the Coronavirus Job Retention Scheme reduces again as at 1 September.
As at 1 August, employers were responsible for paying all pension contributions and NIC due on payments to furloughed employees. From 1 September, the Government will only pay up to 70% of a furloughed employees earnings with their employer having to pay the remaining 10% (if they are only paying up to the minimum 80% of salary) or up to 30% (if paying at normal salary levels).
The BUFDG JRS Part II summary document has been updated to cover:
As ever, any questions, please do let me know.