A reminder of the changes to the Coronavirus Job Retention Scheme changes –
From the 1st August Employers have no longer been able to claim the Employers National Insurance contribution and the 3% Pension Contribution that they have to pay on behalf of their employees.
In September the government contribution will drop from the current 80% to 70%. Employers will have to contribute 10% to make up the difference so that the employee continues to receive 80%.
In October, the final stage of the scheme, employers will have to contribute 20% with the government contribution reducing to 60%.
At the end of October the scheme will come to an end.
If you would like help with any aspect of the scheme please don’t hesitate to contact us
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About the Author:
Koreen is a Member in Practice of The Association of Accounting Technicians, which means that she is both licensed and regulated by the AAT. However Koreen is also a Fellow Member which is an acknowledgement by the AAT of her senior status in terms of knowledge and experience.