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Thursday, 16 July 2020

Employers simple guide to HMRC furlough scheme

The government furlough scheme rules will start to change from 1st July 2020.  Here is a simple guide to what you can claim for.

July 2020 - Government will pay 80% of employees pay (up to £2500) and employers NI and employers pension contributions.  
Employers can start to claim for part time hours not worked.

August 2020Government will pay 80% of employees pay (up to £2500).  
Employers will have to pay employers NI and pension contributions.

September 2020 - Government will pay 70% of employees pay (up to £2187.50).
Employer will have to top up employees pay to 80% (up to £2500)
Employers will have to pay employers NI and pension contributions.

October 2020Government will pay 60% of employees pay (up to £1875).
Employer will have to top up employees pay to 80% (up to £2500)
Employers will have to pay employers NI and pension contributions.