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.
The information in this article is provided as part of Legal-Island's Employment Law Hub. We regret we are not able to respond to requests for specific legal or HR queries and recommend that professional advice is obtained before relying on information supplied anywhere within this article.