How did the Coronavirus Job Retention Scheme change on 1st July 2021?Posted in : First Tuesday Q&A NI on 6 July 2021
From July 2021, employers will be required to make a 10% contribution to furlough pay. This will increase to 20% for August and September 2021. HMRC guidance operational from 1 July 2021 states:
- The government will pay 70% of wages up to a maximum of £2,187.50 for the hours that the employee is on furlough; and
- Employers will be required to top up the wages of the employees on furlough to ensure they receive 80% of wages up to a maximum of £2,500 in total for the hours the employee is on furlough.
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