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Changes to CJRS – Employer costs

HMRC’s guidance on the Coronavirus Job Retention Scheme has been updated a number of times as the workings of the scheme evolve. The most recent update, on 29 May 2020, followed an announcement by the Chancellor, Rishi Sunak.

The Chancellor outlined further details on the extension of the scheme to 31 October 2020 and the introduction of flexible furloughing. As things stand the extension will be final and the scheme will be closed on 31 October 2020. Further guidance on the workings of the amended scheme is expected to be published on 12 June.

The government support for the scheme will continue but employer costs of the using the scheme will slowly increase from July.

We have summarised the main points below:

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