Bookkeeping Bites – Furlough to 70%!

70% that is In the furlough changes coming in on the 1st July

What does this mean to employers using the furlough scheme

You can claim 70% of an employee’s usual wages – DOWN FROM 80%

You will need to pay the 10% DIFFERENCE

Meaning your employee will still receive at least 80% of their usual wages

AND! Don’t forget 70% becomes 60% from 1st August

For more information head to Big-G-HQ and the following update from HMRC….