Latest updates
These are the details for Capital Gold Payroll (4.08.04).
Version |
4.08.04 |
Released |
Dec 20 |
Summary |
This release supports the next extension of the Coronavirus Job Retention Scheme together with a number of functional improvements and updates.. |
This release supports the extension of the Coronavirus Job Retention Scheme until March 2021, allowing businesses to continue to claim for this extended period. The rules for the extended period until 31 Jan 2021 are as they were in August 2020:
The Government will pay 80% of wages (up to a cap of £2,500) for the hours an employee is furloughed.
Employers are responsible for paying Employer’s National Insurance and Pension contributions for the hours an employee is furloughed.
The Government has said that they are going to review the scheme in January so further advice will follow with regards to claiming for February and March.
The release also includes several functional improvements and updates to the following areas:
Teachers Pensions
Termination Payments, Sporting Testimonials and AEOs
Scottish Widows
Departments – extended to 60 characters
National Minimum Wage
Sick Pay Daily Rate
For more detailed information regarding this release, please refer to the Capital Gold Payroll 4.08.04 Release Notes.pdf guide.