Following on from the EXCELLENT point made by member ‘unearned luck’ in this thread:-
the regulations which are here:
7.1 Costs of employment meet the conditions in this paragraph if-
(a) they relate to the payment of earnings to an employee during a period in which the employee is furloughed, and
(b) the employee is being paid-
(i) £2500 or more per month (or, if the employee is paid daily or on some other periodic basis, the appropriate pro-rata), or
(ii) where the employee is being paid less than the amounts set out in paragraph 7.1(b)(i), the employee is being paid an amount equal to at least 80% of the employee’s reference salary.
Is there a sting in the tail caused by 7.1(b)(ii)?
I’ve put together a spreadsheet here:-
Which takes this into account and also calculates the maximum claim.
Can people look at this and constructively criticise please? I think there could be many claims when people are overlooking this.
More than happy for the error of my ways to be pointed out, but there could be some nasty surprises for some!