Changes to the Coronavirus Job Retention Scheme (CJRS)

12th March, 2021

The CJRS, otherwise known as the Furlough Scheme, was due to end on 30 April 2021. However, a further extension has been announced in the 2021 Spring Budget, with a new end date of 30 September 2021.

For periods ending on or before 30 April 2021, employees must have been employed on 20 October 2020. However, for periods starting on or after 1 May 2021 employers can claim for employees who were employed on 2 March 2021 provided a PAYE Real Time Information (RTI) submission notifying a payment of earnings for them has been made at any time between 20 March 2020 and 2 March 2021.

The amount of the Grant stays the same up to 30 June 2021, namely 80% of employees normal wages for hours not worked, up to a cap of £2,500 per month, with employers paying Employers NIC and pension contributions. However, the amount of the grant will fall to 70% for July and 60% for August and September.

Employers must continue to pay at least 80% of normal wages to qualify for the grant which means that they will have to fund the shortfall of 10% in July and 20% in August and September, capped at £312.50 and £625 respectively.

Author: Mark Baker

No Comments

Leave a comment Cancel reply

You must be logged in to post a comment.

Jacobs Allen is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information in this site is provided "as is", with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information.

Something to shout about

I chose to come to Jacobs Allen for advice as I felt you as Chartered Accountants were clearly knowledgeable yet very approachable, friendly and welcoming. To have all of my queries dealt with so professionally in a relaxed manner allayed any concerns I had about my tax affairs, past present and future. Your advice giving me a clear plan of the actions I have to take and your offer of assistance to put it into practice helped enormously in focussing my attention on building my business.

John H

I did interview several accountants with my Father and most definitely you stood head and shoulders above the rest. We absolutely made the right decision that day. Thanks for everything, Robert, and best wishes to you.”

Shawna K

Many thanks for all your hard work and I trust you and your team are keeping well.”

Rachel B

You are obviously very knowledgeable and able to relate your expertise in an easy to understand way. We will definitely use Jacobs Allen Chartered Accountants again and believe that it was a relatively small amount of money, well spent to have this financial and tax review.

Maddy R

I would like to take this opportunity to thank Mark for the help he afforded us in completing this year’s audit. As in the past our work was very much aided by the quality and clarity of his working papers.”

Paul C

Many thank for the excellent service Jacobs Allen has provided to the Wentworth, and I hope we shall continue our association for many years.”

Michael Pritt, The Wentworth Hotel, Aldeburgh