HMRC Job Retention Scheme

What are the options?

A Government grant of 80% towards employee salaries who would otherwise have been laid off as a result of the crisis.

  • All UK businesses are eligible.
  • Capped at £2,500 per month per employee.
  • Workers must be ‘furloughed’, i.e. they must stop working but not be made redundant.
  • 3 month initial duration but to be reviewed on an ongoing basis.
  • Back dated to 1 March.

HMRC are in the process of setting up a new system to process requests and payments.

HMRC are also allowing business with fewer than 250 employees to reclaim up to 2 weeks Statutory Sick Pay for staff who have been off work due to Coronavirus.

Further information can be found here.