Updates on the Coronavirus Job Retention Scheme
HMRC have been called on by the Chancellor to urgently direct financial support to whered businesses need it most. The first wave of this is the launch of the Coronavirus Job Retention Scheme.
Claims should not be made by phone, it will be an online service.
The Coronavirus Job Retention Scheme (CJRS)
In response to the coronavirus pandemic, the Chancellor announced a series of measures to support businesses and their employees. One of those measures is the CJRS, that allows employers to claim 80% of the wages of staff (up to a maximum of £2,500 per employee) that they have furloughed (been put on temporary leave).
HMRC is working at pace to deliver the service that will allow businesses to make a claim.
Businesses and Agents that are authorised to act on behalf of clients for PAYE matters, will be able to claim.
Service launch - the scheme should be ready to launch on 20th April 2020.
Businesses will need the following information on each of their furloughed employees:
If we are your Agent then we will go through this process for you - as soon as we are made aware that the process is ready to begin then our payroll team will submit claims for those staff that you have advised are to be furloughed. We will liase with you before submission is made.
HMRC are asking that you do not ring them with a query, get in touch with us preferably via email and we'll get back to you as soon as we can.
The latest guidance on CJRS can be found on GOV.UK by searching for 'Coronavirus Job Retention Scheme'.
HMRC will also be providing you with further information on our support for businesses and workers over the coming weeks, including more detail on the Coronavirus Self Employment Income Support Scheme.
We would like to thank you for your help to businesses at this time of national need. HMRC is working day and night, prioritising the need to get the financial support out to those who need it.
Don't forget to sign up for our Newsletter for regular updates.
Susan Lang - i'm not a budding writer but I will try my best :-)