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Start date of Furloughing extended

When the Chancellor originally announced the Covid-19 Job Retention Scheme (CJRS), it only covered employees who were employed on 28th February 2020, however following a review of the delivery system and to ensure the scheme helps as many people as possible, new guidance was published yesterday and the eligibility date has been extended to 19 March 2020– the day before the scheme was originally announced.

Under the scheme announced by Chancellor Rishi Sunak last month, employers can claim a grant covering 80% of the wages for a furloughed employee, subject to a cap of £2,500 a month.

Employers can claim for furloughed employees that were employed and on their PAYE payroll on or before 19 March 2020. Employees that were employed as of 28 February 2020 and on the payroll (i.e. notified to HMRC on an RTI submission on or before 28 February) and were made redundant or stopped working for you after that, and prior to 19 March 2020, can also qualify for the scheme if you re-employ them and put them on furlough.

The Government also confirmed that the scheme is expected to be fully operational next week with the online portal due to go live on 20 April to allow businesses to start filing their returns before the crucial PAYE payroll runs.

If we currently prepare the payroll on your behalf we will take care of everything for you, you will just need to tell us which UK bank account you want the grant to be paid into, in order to ensure funds are paid as quickly as possible to you. Please use the email address covid19@moco.co.uk. We will be sending a detailed email over to you later today.

If you prepare the payroll yourself, the only way to make a claim is online and you can obtain further guidance by going to GOV.UK and searching for 'HMRC services: sign in or register'. if you have fewer than 100 furloughed staff – you will need to input information directly into the system for each employee. If you have 100 or more furloughed staff – you will need to upload a file with information for each employee; HMRC will accept the following file types: .xls .xlsx .csv .ods.

NEW FREE HR ADVICE HELPLINE FOR ALL MORRIS & CO CLIENTS!

Many of our clients have contacted us over recent weeks requesting help and guidance on various HR related matters. This has become a real issue in light of the Covid-19 pandemic and we recognise that clients require speedy access to guidance which can be relied upon without incurring high additional costs. We are therefore delighted to announce that we have partnered with Croner, who are a leading firm of employment law and HR professionals, to provide all our clients with access to a FREE ADVICE HELPLINE.

The helpline is manned by people who are qualified in the area of HR, employment law, health and safety and legal advice and will be able to answer any questions you may have. To access the free service, simply email covid19@moco.co.uk and we will get back to you with the details.

As your accountants, we are aware that all businesses are facing complex issues and having to make difficult decisions, but please remember that we are here to help you. If you have any concerns or require further information please don’t hesitate to contact us.

 

 

 

Disclaimer from Morris & Co

Please note this is the guidance as we understand the legislation at the current time. As you will appreciate it is changing almost on a daily basis and we cannot be held responsible if advice and guidance changes or if our interpretation does not subsequently prove to be correct.