HMRC 80% Wage Grant
In response to the coronavirus pandemic, the Chancellor announced a series of measures to support businesses and their employees. One of those measures is the CJRS, that allows employers to claim 80% of the wages of staff (up to a maximum of £2,500 per employee) that they have furloughed (been put on temporary leave).
HMRC is working at pace to deliver the service that will allow businesses to make a claim. Businesses, and agents that are authorised to act on behalf of clients for PAYE matters, will be able to claim. However, file only agents, including Payroll Bureaus, will not be able access the service due to data protection reasons.
HMRC are ready to launch on 20 April. LHP are prepared and ready to support their clients through the process.
Businesses will need the following information on each of their furloughed employees:
- National Insurance number
- Salary, National Insurance and pension contribution information that allows business to calculate the claim amount.