Coronavirus Job Retention Scheme update 22/4/2020

Dear PAYadvice.UK More than 285,000 businesses have already applied for the Coronavirus Job Retention Scheme since it went live on Monday 20 April. To be sure payment comes through to employers before the end of the month, applications need to be made today (Wednesday 22‌‌ April). Accessing the system We have noticed that some employers … Continue reading Coronavirus Job Retention Scheme update 22/4/2020

‘Report fraud’ – Coronavirus Job Retention Scheme

https://www.gov.uk/government/organisations/hm-revenue-customs/contact/customs-excise-and-vat-fraud-reporting? HM Revenue and Customs are encouraging abuse of the Coronavirus Job Retention Scheme on their ‘Report fraud’ weblink. They state that ‘If you are concerned that your employer is abusing the Coronavirus Job Retention Scheme you should report them’. So what types of abuse is this referring. They state that ‘This could include your … Continue reading ‘Report fraud’ – Coronavirus Job Retention Scheme

Progress Update – Coronavirus Job Retention Scheme

Update to midnight 23rd April 2020 ➡️77,000 added claims were submitted through the scheme making 512,000 ➡️That’s a further 600,000 employees making a total of 3,800,000 employees reported as furloughed ➡️At a added value of £750,000,000 making a total of £4,500,000,000 Update to midnight 22nd April 2020 ➡️126,000 added claims were submitted through the scheme … Continue reading Progress Update – Coronavirus Job Retention Scheme

What furloughed workers need to know

Jim Harra, HMRC Jim Harra, First Permanent Secretary and CEO at HMRC explains what you need to know about getting government support... In recent weeks, the government has announced an unprecedented set of measures to help support citizens and businesses during the COVID-19 crisis. Measures that HMRC is responsible for have included deferral of VAT and Self-Assessment payments, the … Continue reading What furloughed workers need to know

HMRC communication – Coronavirus Job Retention Scheme

The Coronavirus Job Retention Scheme will go live from 8am on Monday 20 April. We want to make sure employers are ready to make a claim, and we would be very grateful if you could share the following information with your colleagues, members, and clients. Coronavirus Job Retention Scheme (CJRS)Reporting CJRS FraudScams Update Coronavirus Job … Continue reading HMRC communication – Coronavirus Job Retention Scheme

Coronavirus Job Retention Scheme Calculator

https://www.tax.service.gov.uk/job-retention-scheme-calculator/ Use the calculator to work out the figures you’ll need when you complete an online claim through the scheme. It’s aimed at organisations with a small number of employees. It won’t work for employees who: receive any top-up pay in the claim periodreturned from statutory leave such as maternity leave in the last three … Continue reading Coronavirus Job Retention Scheme Calculator

Claim for wages through the Coronavirus Job Retention Scheme

Claim for 80% of your employee’s wages plus any employer National Insurance and pension contributions, if you have put them on furlough because of coronavirus (COVID-19). You’ll need the Government Gateway user ID and password you got when you registered for PAYE online. https://www.tax.service.gov.uk/gg/sign-in?continue=/home/services/enroll/&origin=PAYE-frontend What you need To make a claim, you need: to be … Continue reading Claim for wages through the Coronavirus Job Retention Scheme

Treasury Direction made under Sections 71 and 76 of the Coronavirus Act 2020

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/879484/200414_CJRS_DIRECTION_-_33_FINAL_Signed.pdf The Chancellor has made a Treasury Direction under Sections 71 and 76 of the Coronavirus Act 2020. Rishi Sunak - Chancellor of the Exchequer It sets out that HMRC are responsible for the payment and management of amounts to be paid under the Coronavirus Job Retention Scheme, as set out in the Schedule to … Continue reading Treasury Direction made under Sections 71 and 76 of the Coronavirus Act 2020

Pension contributions and Salary Sacrifice – #COVID19 #coronavirus

The Pension Regulator TPR have issued both added and new guidance for employers on pension obligation and salary sacrifice implications for employees who have been furloughed. Automatic Enrolment and DC Pensions - COVID19 guidance for employers Salary sacrifice pension and furlough The TPR explain the implications of salary sacrifice pension arrangements for employees and their … Continue reading Pension contributions and Salary Sacrifice – #COVID19 #coronavirus

Get ready for you CJRS grant claim #COVID19 #coronavirus

The online grant application opens on Monday 20th April. Employers who have furloughed and making the CJRS grant application need to: Ensure that you have registered for employer PAYE online. Your e-file payroll processors may not be allowed accessPrepare your data for the claim Before you claim Work out how much you can claim. To … Continue reading Get ready for you CJRS grant claim #COVID19 #coronavirus

Coronavirus Job Retention Scheme – further updates 17th April 2020 – #COVID19 #coronavirus

https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme The government have added further guidance and information in preparation for the CJRS grant application opening on Monday 20th April 2020. The additional clarification and changes relate to: scheme extensionfraudclaims for employees made redundant or who stopped workingfixed term contractsagency workers And retaining records. New guidance has been published with information on holiday payemployees … Continue reading Coronavirus Job Retention Scheme – further updates 17th April 2020 – #COVID19 #coronavirus

Furlough grant claim calculation published #COVID19 #coronavirus

https://www.gov.uk/guidance/work-out-80-of-your-employees-wages-to-claim-through-the-coronavirus-job-retention-scheme The government have published (late Friday 17th April 2020) guidance on grant application calculations for the Coronavirus Job Retention Scheme. Find out how to calculate 80% of your employee’s wages, National Insurance Contributions and pension contributions if you've furloughed staff due to coronavirus (COVID-19). You can claim for 80% of your employee’s wages (even … Continue reading Furlough grant claim calculation published #COVID19 #coronavirus

Furlough scheme extended to end of June #COVID19 #coronavirus

Coronavirus Job Retention Scheme extended one month to reflect continuing social distancing measures. The: move will allow firms from across UK to continue to protect millions of jobsscheme will continue to be monitored to ensure people and businesses can get back to work as soon as it’s safe to do so to drive UK economic … Continue reading Furlough scheme extended to end of June #COVID19 #coronavirus

Furlough : benefits and salary sacrifice #COVID19 #coronavirus

Letter box, HM Treasury, by P Simon Parsons With employees being placed into furlough, there is much confusion and misunderstanding in relation to salary sacrifice arrangements. Benefits in kind The provision of benefits provided by employers have different tax and National Insurance implications than an employee receiving cash remuneration. For example: Child care vouchers given … Continue reading Furlough : benefits and salary sacrifice #COVID19 #coronavirus

Furlough and employees transferring #COVID19 #coronavirus

The government have confirmed that furlough and the Coronavirus Job Retention Scheme can be applied under a number of transfer situation. April is a popular time for the transfer of employees either within pre-existing business splits or under new ownership arrangements. The government confirm that:- Employee transfers under TUPE and on a change in ownership … Continue reading Furlough and employees transferring #COVID19 #coronavirus

Returning from statutory leave – Maternity, Paternity, Adoption, Sickness, Bereavement and being Furloughed? #COVID19 #coronavirus

What basis of earnings should be used for someone returning from parental or sick leave for furlough? HM Government provide the following in relation to the Coronavirus Job Retention Scheme. Returning from statutory leave Statutory leave includes maternity leave, paternity leave, shared parental leave, adoption leave, sick leave and parental bereavement leave. In line with … Continue reading Returning from statutory leave – Maternity, Paternity, Adoption, Sickness, Bereavement and being Furloughed? #COVID19 #coronavirus

Been furloughed by your employer – you can potentially take up an alternate job #COVID19 #coronavirus

The government report seeing ‘some recent misreporting we wish to clear up. You can take on other employment while on furlough, provided your existing employment contract permits it’ Some contracts may contain exclusivity clauses, however, if present they need to be reasonable. Any exclusivity clause In a zero hours contract are not valid since being … Continue reading Been furloughed by your employer – you can potentially take up an alternate job #COVID19 #coronavirus