The Government has introduced Job Retention Scheme to provide financial support so businesses (including public sector, charities and Local Authorities) can continue to pay salaries to those employees that would have otherwise been laid off or made redundant as a result of COVID-19.
All UK businesses are eligible and HMRC will reimburse up to 80% of “furloughed workers” wage costs, capped at £2,500 per month.
Revised guidance on the Job Retention Scheme has been released.
The guidance has been updated to provide further information & now includes commentary on office holders, company directors, salaried LLP members and apprentices (as well as other updates).
The Government has announced that the online service required to enable employers to make claims under the Job Retention Scheme is expected to be available by the end of April. To access the scheme the business must have enrolled for PAYE online. This can take up to 10 days, and businesses that do not have PAYE online should now do so.
The full revised guidance is here.