By Phil Ellerby
Just in from HMRC, an update on wages for furloughed employees. These are now being paid through the Coronavirus Job Retention Scheme. Six working days after claims opened.
Payments for claims made on Monday 20th April will be in employers’ bank accounts by tomorrow 28th April.
If you have already made a claim
If you haven’t received payment yet, it takes six working days from when you claimed. It will automatically be sent to the bank account you nominated in your claim.
Please retain all records and calculations for your claims in case HMRC need to contact you about them in future.
If you have not yet made a claim
You can still claim online for a grant for 80% of your furloughed employees’ salaries, up to a maximum of £2,500 per employee, per month.
You will receive the funds six working days after you claim, provided your claim matches records that HMRC hold for your PAYE scheme.
If you need further guidance on furloughing your team or how to process a claim, please get in touch with the team on 0113 218 9552.
Northern Accountants (Leeds), Olympus House, 2 Howley Park Business Village, Pullan Way, Leeds, LS27 0BZ