Latest information on Furlough Workers
The Government have now provided the below information, regarding the reimbursement of your wages:
How to access the scheme
You will need to:
- designate affected employees as ‘furloughed workers,’ and notify your employees of this change - changing the status of employees remains subject to existing employment law and, depending on the employment contract, may be subject to negotiation
- submit information to HMRC about the employees that have been furloughed and their earnings through a new online portal (HMRC will set out further details on the information required)
HMRC will reimburse 80% of furloughed workers wage costs, up to a cap of £2,500 per month. HMRC are working urgently to set up a system for reimbursement. Existing systems are not set up to facilitate payments to employers.
If your business needs short term cash flow support, you may be eligible for a Coronavirus Business Interruption Loan.
They are updating their information on gov.uk regularly.
The Government are also still currently advising that if you close as an Employer under Health & Safety and your employee is not able to work and is, therefore isolating at home, SSP can be paid from day one for any eligible employees and is currently re-claimable up to 14 days. The Government is updating this advice on a daily basis.
What People Say
Thank you so much for all your help. My business would not have been what it is today, but for both of you and for giving me the confidence.Name witheld for privacy reasons