Yeah! 70 is coming!
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….
Stay safe everyone