Coronavirus: Job Retention Scheme Live Date Announced…
The Chancellor, Rishi Sunak, called on HMRC to assist with delivering financial support to businesses during the coronavirus outbreak. One of the biggest measures introduced so far is the Covid-19 Job Retention Scheme (JRS) which is scheduled to go live later this month.
HMRC have announced that the JRS for furloughed workers will be open for employer claims applications on 20th April 2020 with the expectation that it will be making payments to claimants before the end of April.
HMRC has also confirmed that claims will need to be made online, and cannot be made by phone.
Businesses will need the following to hand in relation to each furloughed employee:
- National Insurance number
- Salary, National Insurance and pension contribution figures to enable claimants and HMRC to calculate the amount due back
Even though the service is designed for online self-serve, accompanied by guidance, it is expected that HMRC phone lines will be incredibly busy on launch date.
For more information on this topic see:
Our JRS blog and our JRS FAQs blog