Furlough At Our Cost And Update From HMRC

Our plan is to help as many businesses through this period as possible so that they come out of the other side thriving. We are aware that other companies are charging. As long as the process is, our investment to our clients is that we will be furloughing any of our clients staff at OUR cost so not one of our clients will receive an additional expense for Furloughing during this time. You needn’t worry about another expense during this crisis.

 

Following a review of the delivery system, and to ensure the scheme aids as many people as possible, a new guide has been published, stating that the eligibility dates has been extended to March 19th 2020. All employees must have been notified to HMRC through a normal electronic payroll submission notifying payment in respect of that employee on or before 19 March 2020.

 

To qualify previously, individuals had to be employed on February 29th 2020. This has been widely criticised by new starters employed after this date but before the start of the crisis who were left unable to furlough with their new employer.

 

The Coronavirus Job Retention Scheme is a temporary scheme open to all UK employers. It is designed to support employers whose operations have been severely affected by coronavirus (COVID-19). You can claim your usual monthly wage costs, up to £2,500 a month, plus the associated Employer National Insurance contributions and minimum automatic enrolment employer pension contributions on that wage.

 

So, how do you get started on your claim?

Employers should discuss with their staff and make any changes to the employment contract by agreement. Employers may need to seek legal and HR advice on the process. If sufficient numbers of staff are involved, it may be necessary to engage collective consultation processes to procure agreement to changes to terms of employment. Should you need HR support, please click here or call us on 020 8530 0720

 

  1. The bank account number and sort code you’d like us to use when we pay your claim.
  2. The name and phone number of the person in your business for us to call with any questions.
  3. Your Self-Assessment UTR (Unique Tax Reference), Company UTR or CRN (Company Registration Number).
  4. The name, employee number and National Insurance number for each of your furloughed employees.
  5. The total amount being claimed for all employees and the total furlough period

 

You will need to calculate the amount you are claiming. HMRC will retain the right to retrospectively audit all aspects of your claim.

Contact your manager or our business development team on businessdevelopment@nordens.co.uk if you have any questions or call in on 020 8530 0720.