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HMRC issues new furlough video to help everyone understand changes to scheme over next three months
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dailyrecord.co.uk
dailyrecord.co.ukCoronavirus Job Retention Scheme came into effect on July 1 as part of the UK Government’s plan to phase out the financial support from the end of September.
Businesses across the UK now have to start making compulsory contributions to furloughed employees’ wages as The Treasury’s pay has dropped to 70%, from 80%.
The wind down in the furlough scheme comes after tens of thousands of businesses were given the green light to trade again as lockdown restrictions eased.
The current change means workers on furlough will receive 70% of their pay from the UK Government – up to £2,187.50 – plus 10% of their income and pension and National Insurance contributions paid by their employer.
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