06 Oct The end of Furlough and the Job Support Scheme
The end of Furlough and the Job Support Scheme
The CJRS closed on 30 September 2021. If you haven’t submitted your final claim you must do so by the final deadline of Thursday 14th October 2021.
You can claim 60% of furloughed employees’ usual wages for the hours not worked, up to a cap of £1,875 per month per employee. You’ll need to contribute 20% from your own funds so that your furloughed employees continue to be paid 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).
Please remember you must keep records supporting the grants you claim, in case HMRC contact you regarding an investigation.
Self-Employed – Reporting coronavirus grants on your tax return
The grants to support businesses and self-employed people during the pandemic are taxable.
If you’ve claimed CJRS grants, you need to include these as income on your tax return as well as some other COVID-19 grants you might have received. Depending on your business type you’ll need to report this as income on your corporation tax return, your partnership return or the self-employment pages of your individual tax return.
Final claims for the Statutory Sick Pay Rebate Scheme
Statutory Sick Pay Rebate Scheme closed on 30 September 2021 and you have until December to submit any final claims, or to amend claims you have already submitted.
If you’re an employer with fewer than 250 employees and if you’ve paid Statutory Sick Pay (SSP) to employees for sickness absence or self-isolation that was coronavirus-related until 30 September, you could be eligible for support.
Find out more here.
We know all about furlough, PAYE and SMP and Holiday pay, its what we do. If you find all the technical terms and constant updates confusing then please get in touch.
Find out how we can help you free up you time to focus on your business. We can manage your payroll function by ensuring we file and report on time and accurately. We can offer digital pay slips or printed – depending on what you would like. Find out more about our payroll services here.
To find our more about how EA Assist can help you please visit our website here or give us a call now on 01379 646943 or email firstname.lastname@example.org.