CJRS Update
For periods in July 2021, Coronavirus Job Retention Scheme grants will cover 70% of employees’ usual wages for the hours not worked, up to a cap of £2,187.50. In August and September 2021, this will then reduce to 60% of employees’ usual wages up to a cap of £1,875.You need to continue to pay your furloughed employees at least 80% of their usual wages for the hours they do not work during this time, up to a cap of £2,500 per month. This means, for periods between July and September 2021, you will need to fund the difference between this and the Coronavirus Job Retention Scheme grants yourself.’
NI Number Allocation
The digital application service for NI numbers is now open and can be found here. HMRC have advised that Demand is currently high for the service and applications can take up to 16 weeks to be processed.’
NI holiday for employers of veterans
From April 2021 Employers can claim relief on Class 1 NI contributions if they employ a veteran during the qualifying period. The qualifying period starts on the first day of the veteran’s first civilian employment since leaving the regular armed forces and ends 12 months later.
Please contact the PS4 team if you have any questions.
