Please see below for the latest we have on the Coronavirus Job Retention Scheme.
Under the CVJR scheme announced last month, employers can claim a grant covering 80% of the wages for a furloughed employee up to £2,500 a month. To qualify and to protect against fraudulent claims, individuals originally had to be employed on 28 February 2020.
But following a review, new HMRC guidance published today has extended the eligibility date to 19 March 2020.
Today’s announcement suggests that being on a previous RTI submission is a requirement for an employee to be furlough eligible. This is new information.
As such, the new date appears intended to grant furlough eligibility to weekly and fortnightly employees who started work after the original February 28 deadline and were included in an RTI submission on or before 19 March 2020.
As such, employers can now claim for furloughed employees that were employed and on their PAYE payroll on or before 19 March 2020. HMRC has specified that this means that the employee must have been notified to HMRC through an RTI submission informing of payment in respect of that employee on or before 19 March 2020.
HMRC is still expecting the CVJR scheme to be fully operational by next week.
We are here to help you. As such, please contact us with any questions that you may have.