• Tim Davies

The Job Retention Scheme has been extended

The Coronavirus Job Retention Scheme has been extended until 30 April 2021.


For the period 1 November 2020 to 30 April 2021 the government grant will cover the full 80% of wages. Employers will not be required to contribute or top-up for the hours not worked. You will still need to pay employer National Insurance contributions and employer pension contributions, you cannot claim for these.


You can choose to top up your employees’ wages above the minimum 80% furlough pay amount, but you do not have to. Employees must not work or provide any services for the business during hours which they are recorded as being on furlough, even if they receive a top-up wage.


You must keep a copy of all records for 6 years, including:

  • · the amount claimed and claim period for each employee

  • · the claim reference number for your records

  • · your calculations in case HMRC need more information about your claim

  • · usual hours worked, including any calculations that were required, for employees you flexibly furloughed

  • · actual hours worked for employees you flexibly furloughed

See: https://www.gov.uk/guidance/calculate-how-much-you-can-claim-using-the-coronavirus-job-retention-scheme?utm_source=d2235da4-5bff-4629-9601-2534602ddd48&utm_medium=email&utm_campaign=govuk-notifications&utm_content=immediate


Please contact us if you need help in making the claim.

ABOUT JOHN DAVIES & CO

CONTACT

John Davies & Co

St Andrews House
Yale Business Village
Ellice Way

Wrexham LL13 7YL


01978 263614


info@johndavies.biz

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John Davies & Co.

We are registered to carry on audit work in the UK by the Institute of Chartered Accountants in England and Wales and details about our audit registration can be viewed at www.auditregister.org.uk, under reference number C.