The Coronavirus Job Retention Scheme has been introduced by HMRC to support businesses who are being affected by COVID-19. Employers can furlough their employees and apply for a grant that covers 80% of their usual monthly wage costs, up to £2,500 a month.
HMRC have recently emailed out to businesses advising them of the information that will be required to submit the claim. Please be advised at present, there is still no online system available to be able to apply for the grant. They are expecting this to be available by the end of April, however as soon as we know anything further, we will inform everybody.
If we are your accountant and we act for you for PAYE purposes, we will ensure your claim is dealt with as soon as the HMRC system becomes live. If we require any further information to be able to submit the claim, we will request this from you as and when necessary.
When the system becomes available, please do not try and submit the claim without being in contact with us. We hold all of the payroll information required for your employees to be able to do this.
We can assure you that we will deal with the matter as soon as the system is available, as we appreciate many businesses are being financially affected by Coronavirus.
For further updates on this matter, please continue to check our website.