This website uses cookies to ensure you get the best experience. Please read our policies for more information.

10 Chartered Accountants

News

Coronavirus Job Retention Scheme – Portal opens Monday 20 April 2020
09 April 2020

HM Revenue & Customs (HMRC) has confirmed that the online portal for applications to the Coronavirus Job Retention Scheme (CJRS) will open on Monday 20 April 2020.

The CJRS provides grants worth 80 per cent of a furloughed employee’s salary up to a cap of £2,500 a month, plus Employers’ National Insurance Contributions (NICs) and minimum employer auto-enrolment pension contributions.

Furloughed employees are placed on temporary leave and may not carry out any work during the period of furlough.

Any employee on your PAYE payroll on 28 February 2020 can be furloughed, including those who have subsequently left but who you are prepared to take back on.

The scheme is backdated to 1 March 2020 and is in effect until the end of May, although the Government has said it will be extended if necessary.

If we are authorised to act as an agent on your behalf for PAYE and you plan to furlough any of your employees, please let us know the following information as soon as possible:

  1. The name of each furloughed staff member; and
  2. The date each employee was furloughed and when you expect them to resume working, if known.
  3. Your Company bank account details.

We will then make a claim on your behalf when the portal opens.

If we act for you as a file only agent, we are unable to make a claim on your behalf if you plan to furlough any of your employees. However, we can provide you with the information you need in order to make a claim.

Other recent news

Capital Gains Tax is increasing – What does this mean for you?
20 November 2024

Capital Gains Tax (CGT) was a significant target for the…
Read more

Employers squeezed as wages and National Insurance rise
20 November 2024

In Chancellor Rachel Reeves’ 2024 Autumn Budget, she announced over…
Read more

Bad debts on the rise – Time to crack down
20 November 2024

As we approach the end of the year, one trend…
Read more

The value of technology – Why you should not rule out investment
20 November 2024

Recent research by Three Business indicates that tech-enabled SMEs could…
Read more

Autumn Budget delivers Inheritance Tax blow to pension savers
20 November 2024

In this year’s Autumn Budget, Chancellor Rachel Reeves announced that…
Read more

»

Case Studies