The Internet and our inboxes are flooded with COVID-19 support and guidance. For our members who don't have time to wade through the mass of information, we've complied a condensed guide to the Business Support available.
As the situation is moving fast, we've included ways you can keep up-to-date, and will also continue to circulate this mailshot, keeping it current.
COVID-19 Government Business Support
Claim your employees salary through the Job Retention Scheme
- The online service you’ll use to claim is not available yet. It is expected it to be available by the end of April 2020.
- Any entity with a UK payroll can apply.
- You can furlough apprentices
- If an employee is sick or self isolating they can get Statutory Sick Pay. You can furlough them after they have stopped receiving SSP.
- You can furlough an employee if they are shielding (Shielding is a measure to protect extremely vulnerable people) or staying at home with someone who is shielding.
- You can furlough employees if they have caring responsibilities (ie looking after children)
- You can claim 80% of your employees’ wages up to a maximum of £2,500.
- You’ll still need to pay employer NI and pension contributions on behalf of your furloughed employees, and you can claim for these too.
- Furloughed employees can't undertake any work.
- Any employees must be furloughed for a minimum period of 3 consecutive weeks. Employees can be furloughed multiple times
- As well as employees, the grant can be claimed for any of the following groups, if they are paid via PAYE: office holders (including company directors), salaried members of Limited Liability Partnerships (LLPs), agency workers (including those employed by umbrella companies)
You should make your claim using the amounts in your payroll - either shortly before or during running payroll. Claims can be backdated until the 1 March where employees have already been furloughed.
If appropriate, worker’s wages should be reduced to 80% of their salary within your payroll before they are paid. This adjustment will not be made by HMRC.
Click here for more job retention details