Tag Archives: Furlough Scheme

Budget 2021: Major highlights at a glance

Chancellor Rishi Sunak unveiled the contents of his Budget 2021 in the House of Commons on 3rd March. He announced the UK government’s tax and spending plans for the year ahead. However, the focus on helping business and jobs through the pandemic and supporting the UK’s long-term economic recovery will remain unchanged. Here is a […]

Furlough scheme extended until end of April 2021

UK Chancellor has extended the furlough Scheme (Coronavirus Job Retention Scheme) until the end of April 2021. The government will continue to contribute 80% towards wages of employees’ salaries for hours not worked until the end of April. Employers will only be required to pay wages, national insurance contributions (NICs) and pensions for hours worked, […]

Furlough claims under CJRS updates

HMRC has reminded employers that they must submit furlough claims November 2020 under CJRS by 14 December 2020. Mr Chancellor has extended the CJRS until the end of March 2021. The government will review the scheme in January 2021. Although payroll dates may differ for the Christmas period. The claims can continue to be submitted […]

Extension of CJRS: Furlough scheme changed for new lockdown

Treasury has announced the extension of the Coronavirus Job Retention Scheme (CJRS) until December, with furloughed employees set to receive 80% of their salary for hours not worked and businesses asked only to cover national insurance and employer pension contributions. Prime Minister Boris Johnson announced a new national lockdown for England on 31 October. The […]

Furlough Job Retention Bonus Updates

HMRC has published guidance on how businesses can claim the government’s £1,000 job retention bonus. The bonus will be available to employers who keep furloughed workers on the payroll for the next three months. The bonus is a £1,000 one-off taxable payment to the employer, for each eligible employee that was furloughed and kept continuously […]

Job Retention Scheme (CJRS): MPs urged Chancellor for extension

The Coronavirus Job Retention Scheme (CJRS) has played an immense role in protecting jobs since the start of the pandemic. Therefore, MPs have pushed Chancellor Rishi Sunak to extend the Coronavirus Job Retention Scheme (CJRS) to help avoid mass redundancies. The CJRS is set to be wound down in October and changes were implemented to […]

Furlough Scheme Claims: HMRC found fraud and errors

HMRC has revealed that they may have paid almost £3.5 billion in furlough scheme money on fraudulent or wrong claims. That means CJRS payments have been claimed fraudulently or paid out in error. The tax authority told MPs on the Public Accounts Committee it estimates that they have awarded 5-10% of furlough cash mistakenly. Latest […]

Coronavirus Job Retention Scheme: Claims deadline approaching

HMRC has reminded employers that Coronavirus Job Retention Scheme (CJRS) claims for periods ending on or before 30 June 2020 must be made by 31 July 2020. Employers and agents must submit all CJRS claims for periods ending on or before 30 June 2020 by 31 July 2020. After this date, it will not be […]

UK chancellor announced new measures -a plan for jobs

UK chancellor Rishi Sunak has announced new measures “plan for jobs” including bonuses for employers, VAT and stamp duty cuts, home improvement vouchers and eating-out discounts. The finance minister made his summer statement or ‘mini-budget’ in parliament on Wednesday. Today the Chancellor announced the introduction of the Job Retention Bonus. This is a one-off payment […]

Changes to Job Retention Scheme: Chancellor’s announcement

Chancellor Rishi Sunak has announced changes to the government’s Job Retention Scheme (JRS). The changes to the scheme will gradually wind down over the next few months. The changes mean businesses will be able to bring furloughed employees back on a part-time basis from 1 July.   Furloughed staff will continue to get 80% of […]