UPDATE: Coronavirus Job Retention Scheme as at 16th April 2020
The UK government has announced the following updates to the Coronavirus Job Retention Scheme:
You can claim for employees that were employed as of 19th March 2020 and were on your payroll on or before that date. You will have to have made an RTI submission notifying HMRC of payment of that employee on or before 19th March 2020. We are unsure as yet what that means for employees who started after 1st March 2020 but were not paid until 31st March 2020.
If an employee was employed on or before 28th February 2020 (and submitted to HMRC on an RTI submission) but were made redundant between 1st March and 19th March 2020 can be re-employed and placed on furlough.
When Will the Job Retention Scheme Open for Applications?
As the portal will be going live on Monday 20th April 2020, we will need details of any staff you feel fall into these categories as soon as possible to ensure we have up to date information when submitting a claim on your behalf.
As a reminder, we will require the following to process a claim on your behalf:
- Your PAYE reference number (if we do not already have this)
- The number of employees being furloughed
- The claim period (start and end date, for each employee if different)
- Amount claimed (if we are not calculating for you)
- Bank account number and sort code
- Contact name
- Contact telephone number
We should already hold the employee information requested by HMRC, but if we do not process your payroll and you wish for us to make a claim on your behalf (as long as we hold agent authority), then could you please also provide us with the following information for each employee:
- National Insurance number
- Claim period and claim amount
- Employee number
We will endeavour to keep you updated as changes to this information are announced.
If you have any queries regarding this information, please do not hesitate to contact us. SAS Accounting provide comprehensive payroll support to ensure that your team are paid promptly, efficiently, and that you have the most up to date advice on claimable allowances, tax efficiencies and grant funding available to support businesses.
For help understanding what you can claim, and how to ensure your payroll works for you, give us a call today!