We are working hard currently to keep you updated with the current guidance regarding the Coronavirus Job Retention scheme.
However please be aware that the guidance available is being updated regularly and therefore our comments should be seen as provisional and may change.
We have already dedicated over 70 hours of manager and director time to support you during this worrying situation and believe we have gone much further than our competitors in providing guidance and calculators. However please note that any one to one support we can give you is limited and may potentially be subject to additional charges.
Please note that at the current date (3/4/20) this scheme is available from 1st March for at least 3 months - so any claim can be backdated to 1st March but only if the employee/director was furloughed at that date.
It is unknown at this time whether this scheme will be extended.
If you wish to furlough any employees/directors, you can use this letter template to do so.
Please refer to this document for a list of useful links and an outline as to how the job retention scheme works for your employees. You can also find a calculator workbook which we have created for you to use here - to use this please open as read-only and save to your PC. Please be aware that the responsibility for the final calculations rests with you as an employer.
If you are using Moneysoft for your payroll (if we run your payroll then we use Moneysoft), then the system can be used to note the date the employee is furloughed and the amount furloughed. If you are using another system, then you should check as to whether this can record the relevant information.
Please note that the monthly reporting to HMRC does NOT include any furlough data. Once guidance is given as to how to claim under the Coronavirus Job Retention scheme, then applying for the grant will be your responsibility.
If we run your payroll for you, we can provide you with reports to assist you in applying for the grant.
Updated as at 6/4/20
The rules for directors who wish to furlough are more problematic than for employees and have been the subject of much debate.
You can see the issues and guidance on our blog here - although how this should be applied in practice is still under discussion.
Our suggestions can be seen here. You can also find a calculator workbook which we have created for you to use here - to use this please open as read-only and save to your PC. Please be aware that the responsibility for the final calculations rests with you as the director.