Claim for wage costs through the Coronavirus Job Retention Scheme
Published by Michael Graves on Sun, 29/03/2020 - 4:18pmThis is a temporary scheme open to all UK employers for at least three months starting from 1 March 2020. HMRC expect the scheme to be up and running by the end of April.
Employers can use a portal to claim for 80% of furloughed employees’ usual monthly wage costs, up to £2,500 a month, plus the associated employers’ NIC and minimum automatic enrolment employer pension contributions on that wage. The scheme is open to all UK employers that had created and started a PAYE payroll scheme on 28 February 2020 and have a UK bank account. Where a company is being taken under the management of an administrator, the administrator will be able to access the scheme.
Latest information on who can make a claim, who for, and how to claim:
https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme