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Fact Sheet: The Government Coronavirus Job Retention Scheme

The Coronavirus Job Retention Scheme is temporary and open to all UK employers who had created and started a PAYE payroll scheme on or before 19 March 2020.

The scheme is currently available until the end of June 2020 and is designed to support employers whose operations have been severely affected by coronavirus.

Employers can claim 80% of furloughed employees’ usual monthly wage costs, up to a cap of £2,500 a month, in addition to the associated Employer National Insurance Contributions and minimum automatic enrolment employer pension contributions.

HMRC launched an online portal on 20 April, where employers can make one claim per pay period.

Click here to download Fact Sheet.

#COVID19 #Coronavirus #CoronavirusJobRetentionScheme

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