Glover Stanbury | Chartered Accountants | Barnstaple & Bideford | Devon
Barnstaple: 01271 375271
info@gloverstanbury.co.uk
Bideford: 01237 471881
Facebook
Twitter
LinkedIn
  • Home
  • Who we are
    • The difference
    • The firm
    • Meet the team
  • What we do
    • Business services
      • Business-services
      • Accounting & bookkeeping
      • Fees Protection Insurance
      • Audit
      • Business planning
      • Business start up
      • Company secretarial
      • Corporate finance
      • Corporate tax planning
      • Mergers and acquisition
      • Payroll
      • Vat
    • Individuals
      • Individuals
      • Estate planning
      • Personal tax planning
      • Retirement strategies
      • Self assessment
      • Trusts and Executorships
    • IT accounting software
      • IT accounting software
      • Accounting software
    • Specialisms
      • Specialisms
      • Business sectors
      • Financial services
      • Forensic accounting
      • Services to the accountancy profession
  • Resources
    • Downloadable forms
    • Business finance
    • Tax tables
    • Useful links
  • News & testimonials
    • Latest newsletter
    • Newsletter signup
    • Business tools
    • Blog
    • Testimonials
  • Xero
  • Business tools
  • Fees protection insurance
  • Portal
  • Contact

Coronavirus Job Retention Scheme (CJRS) extended to March 2021

November 6, 2020gloverstanburyUncategorizedNo comments

Coronavirus job retention scheme has been extended to the end of March 2021 to help businesses through the winter.

For claims between 1 November 2020 and 31 January 2021 employers will be able to claim a grant for 80% of usual wages up to a maximum government grant of £2,500 per month per employee for the time the employee spends on furlough. The £2,500 cap is proportional to the hours not worked.

Employees must have been employed and on the PAYE payroll on 30 October 2020 and the employer must have made a PAYE Real Time Information (RTI) submission to HMRC between 20 March 2020 and 30 October 2020, notifying a payment of earnings for employees.

Where an employee was not previously eligible for CJRS, the calculation will take account of updated reference periods. Full details of the calculation are available at https://www.gov.uk/guidance/calculate-how-much-you-can-claim-using-the-coronavirus-job-retention-scheme?

Employers will need to:

  • pay their employees for the time worked and the government grant for the time not worked;
  • operate PAYE on behalf of their employees, as per CJRS
  • pay employer National Insurance contributions and pension contributions for their employees on the full amount that they pay the employee, including any scheme grant

Employers will not be:

  • required to contribute towards 80% of the employees’ usual wages for the hours not worked
  • able to claim for employer National Insurance contributions or pension contributions

Employers can top up employee wages above the maximum salary threshold at their own expense.

This scheme will be reviewed by the government in January 2021 to decide if employers will be required to contribute more.

gloverstanbury
Previous post Self Employment Income Support Scheme (SEISS) extended Next post Third self employment income support scheme grant

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Personal service companies and the new IR35 tax regime
  • Carrying holiday forwards – how new legislation has changed the rules
  • VAT Domestic reverse charge for the construction industry
  • Want a rewarding career?
  • Grants for businesses during lockdown 3

Recent Comments

    Archives

    • March 2021
    • February 2021
    • January 2021
    • December 2020
    • November 2020
    • October 2020
    • September 2020
    • July 2020
    • May 2020
    • March 2020
    • February 2020
    • October 2019
    • May 2019
    • March 2019
    • February 2019
    • November 2018
    • October 2018
    • March 2018
    • August 2017
    • June 2017
    • April 2014
    • March 2014
    • January 2014
    • December 2013
    • November 2013
    • October 2013
    • September 2013
    • August 2013
    • July 2013
    • June 2013
    • March 2013
    • February 2013
    • January 2013
    • December 2012
    • July 2012
    • January 2012
    • December 2011
    • May 2011
    • January 2011
    • December 2010
    • November 2010
    • June 2010
    • May 2010
    • March 2010
    • February 2010
    • January 2010
    • November 2009
    • March 2009
    • February 2009
    • January 2009

    Categories

    • Uncategorized

    Meta

    • Log in
    • Entries RSS
    • Comments RSS
    • WordPress.org

    The Firm

    At Glover Stanbury, all of our services are designed to add significant value to your business and personal wealth. read more

    Facebook
    Twitter
    LinkedIn

    Latest Blog

    • Personal service companies and the new IR35 tax regime March 1, 2021
    • Carrying holiday forwards – how new legislation has changed the rules February 1, 2021
    • VAT Domestic reverse charge for the construction industry January 29, 2021

    Certification




    Website security

    Download Our App

    © The2020software.com. All rights reserved. | Privacy Statement | Cookie Policy | Terms & Conditions