From August, employers will be asked to start contributing towards the furlough grant by paying the employer National Insurance and pension contributions. From September, they will be asked to contribute 10% to the furlough grant, which will rise to 20% in October for the final month of the scheme. Additionally, from 1 July a ‘flexible furlough’ will be introduced, whereby employers can choose to bring back staff on a part-time basis, with the furlough scheme covering days when they are not working. The Chancellor confirmed that this means that the current scheme will be closed to new entrants by 30 June.
It was also announced that the SEISS has been extended for a further 3 months. From August, the scheme will re-open for applications for a single grant of 70% of average monthly self-employed profits, up to a total of £6,570.
Look out for further guidance from us about these changes.