The Coronavirus Job Retention Scheme - What you need to do!
We've just received guidance from HMRC on the steps employers need to take now to help you get ready to make a claim under the Coronavirus Job Retention Scheme.
The system will be up and running by the end of the month (as of 10/04/2020 we are being told it will be ready on the 20th April 2020) and if you are eligible for the scheme here are a number of things taken directly from HMRC that you can do:
You’ll need to provide the following to make a claim:
The bank account number and sort code you’d like us to use when we pay your claim.
The name and phone number of the person in your business for us to call with any questions.
Your Self-Assessment UTR (Unique Tax Reference), Company UTR or CRN (Company Registration Number).
The name, employee number and National Insurance number for each of your furloughed employees.
The total amount being claimed for all employees and the total furlough period.
If you use an agent who is authorised to act for you for PAYE purposes, they will be able to make a claim on your behalf, so please speak to them now.
However, if you use a file-only agent (files your RTI return but doesn’t act for you in other matters), they won’t be able to make a claim for you and you’ll need the information listed above from them to make the claim yourself.
Due to the rapid changes in the Coronavirus schemes it's always helpful to check on GOV.UK for any updates.
Another useful resource is the recorder webinar which can be found on HMRC’s YouTube channel, 'Coronavirus (COVID-19) Job Retention Scheme',
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