After the recent announcement about the Coronavirus Job Retention Scheme (CJRS) being extended, HMRC has released information about its implementation.
In our recent blog we advised that the CJRS would be extended until the end of March 2021 for claims from 1 November 2020. The last day that employers can submit or change claims for periods ending on or before 31 October is 30 November 2020.
Please note: the deadlines for submitting CJRS claims will only be 14 days from the new extension. So, a November claim must be by 14th December, December by 14th January and so on.
Updated guidance from HMRC on how to check whether you can claim for your employees’ wages through the CJRS gives the following steps to follow:
Check if you can claim
Check which employees you can put on furlough
Steps to take before calculating your claim
Calculate how much you should claim
Claim for your employees’ wages online
Report a payment in PAYE Real Time Information (RTI)
Overpaid on CJRS?
Updated guidance on how to pay back all or part of a CJRS grant if you have overpaid can be found here.
What about the Job Retention Bonus?
As the CJRS will now still be operational in February when the JRB was due to be paid, an alternative initiative to encourage businesses to retain employees will be put in place.
The information provided in this blog is for general informational purposes only and should not be considered professional advice. As far as we are aware, the content is accurate at time of publication. Torgersens assumes no responsibility for errors or omissions in the content or for any actions taken based on the information provided.
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