Coronavirus Job Retention Scheme Update

The online service that you’ll use to claim will go live on Monday 20th April 2020. HMRC have released some guidance on how to calculate 80% of your employee’s wages, National Insurance contributions and pension contributions for Furloughed staff.

You can only claim from the date your employee was furloughed, the earliest date being 1st March 2020. More information can be found here and there is also a step by step guide. If you need any help with this, please contact me and I can talk you through it or complete it on your behalf. My contact details are below.

HMRC have also advised that there will be a calculator available online on Monday for you to check your calculations, but my advice would be to prepare the calculations before you start to complete the online application.

The treasury also announced this afternoon that this scheme will be extended for another month until 30th June 2020.

Electronically Connected Bookkeepers, 17th April 2020 accounts@ecbookkeepers.co.uk

07805 068850