Coronavirus Job Retention Scheme & how to implement it into your payroll run
New information relating to the Coronavirus Job Retention Scheme (CJRS) has been added to various guides created by HMRC. This has been an evolving Scheme and some uncertainty remains, but crucially for business the government on-line portal for making claims opened on 20 April. As payroll providers and employers alike have been scrambling for the latest information the update to the guidelines may prove very helpful for some of the uncertainties surrounding the coronavirus job retention scheme and how to process it. (more…)
HMRC has added a calculator that can be used to work out what can be claimed for the majority of employees who are paid the same amount each pay period – for example, weekly or monthly paid employees. (more…)
Coronavirus Job Retention Scheme: can directors furlough themselves?
A frequent question we are asked at TopSource & Payroll Bureau during the pandemic lockdown is: can directors of their own companies furlough themselves in order to qualify for the Coronavirus Job Retention Scheme (CJRS)? By being furloughed, the government means being on a leave of absence.
The government has provided some clarity on this but more will be needed before the CJRS goes live by the end of April 2020. (more…)
The latest on the Coronavirus Job Retention Scheme
In our ongoing effort to keep you apprised of new government information relating to payroll, below is a summary of legislative changes and new schemes that have been put in place.
The below information was collated by the Certified Institute of Payroll Professionals. The information is not complete as the situation is changing. We will continue to send information as it becomes available. (more…)