The Furlough Scheme has been extended until the end of September 2021, Rishi Sunak announced in the 2021 Budget.
Currently, the government covers up to 80% of an employee’s salary for the hours they can’t work – up to a maximum of £2,500 per month.
From July 2021, businesses will be asked for a 10% contribution and the government will contribute 70%. In August and September 2021, the government will pay 60% and employers will contribute 20%.
To make a claim, you will need:
- To be registered for PAYE Online
- Your UK bank account number and sort code
- The billing address on your bank account
- Your employee PAYE scheme reference number
- Number of employees being furloughed
- Each employee’s National Insurance number
- Each employee’s payroll or employee number
- Start and end date of of the claim
- Full amounts you are claiming for
- Phone number
- Contact name
- Either: Your name, Corporation Tax Unique taxpayer reference, Self-Assessment Unique taxpayer reference or company registration number
For employees that are flexibly furloughed, you will need:
- The number of usual hours your employee would work in the claim period
- The number of hours your employee has or will work in the claim period
- A record of the number of furloughed hours your employee has been furloughed in the claim period
To claim, you will need the Government Gateway ID and password you got when you registered for PAYE Online.
All claims for periods from 1 July 2020 to 31 October 2020 must be submitted no later than 30 November 2020. Claims from 01 November 2020 must be submitted by 11.59pm 14 calendar days after the month you’re claiming for.
As well as the extension of the Furlough Scheme, Chancellor of the Exchequer Rishi Sunak also announced the Universal Credit uplift of £20 a week will be extended until September 2021. The National Living Wage will also be increased until £8.91 from April 2021.
The Arts Sector can be a confusing area of work – especially if it is your full-time career. Knowing how to take control of your time and money while still adhering to HMRC rules can be a tedious task.