top of page
Search
  • Farrell & Farrell
    • Jul 1, 2021
    • 1 min read

UK COVID-19: Coronavirus Job Retention Scheme Update

CHANGES TO THE CORONAVIRUS JOB RETENTION SCHEME (CJRS)


From 1 July 2021 the level of the CJRS grant will gradually be reduced and employers will be required to contribute more towards the cost of furloughed employees’ wages as follows:-

Employers must continue to pay furloughed employees 80% of their wages, up to a cap of £2,500 per month for the time they spend on furlough.


Employers can continue to top up employee’s wages above the 80% total and £2,500 cap for hours not worked if they wish.


Please be advised that the CJRS scheme is due to cease on 30 September 2021.

26 views0 comments

Recent Posts

See All

UK: HMRC freezes director’s loan interest at 2.25%

HMRC has confirmed that the official rate of interest will not be increased for directors’ loans outstanding throughout the tax year 2024/25 using the normal averaging method of calculation, instead k

Tax Adviser Vacancy

#FarrellAndFarrell #crossbordertaxadvisors #crossborder #taxadvisors #uktaxadvisors #roitaxadvisors #accountantcountydown #accountantnearme #newryandmourne #qualifiedtaxadviser #wearehiring

UK: Interest rates will remain unchanged

The Bank of England has today confirmed that interest rates will remain unchanged at 5.25% as expected, despite a decrease in inflation.  The decision marks its fifth pause in a row, with the Monetary

bottom of page