Changes to the Coronavirus Job Retention Scheme from August

From 1 August to 30 September (when the scheme closes), the UK Government will pay 60% of employees’ usual wages for hours not worked, up to a cap of £1,875. Employers will need to continue to pay the difference, so that they pay furloughed employees at least 80% of their usual wages in total for the hours they do not work, up to a cap of £2,500 a month.

If you require assistance with your Furlough Scheme or any personal or business Accounting needs give us a call – 01444 675022