Share this content

CJRS Furlough - What's the rush?

Cash flow issues aside? Why rush to claim?

Didn't find your answer?

Presuming there are no desperate cash flow issues is there any rush to make a funding claim?

I suspect most monthly payrolls are currently claiming for period 23 Mar - 30 Apr. But in theory, why not make bi-monthly claims, or even wait until end of May or June to claim? 

Replies (13)

Please login or register to join the discussion.

avatar
By memyself-eye
20th Apr 2020 19:49

Agreed, none that I can see
bet that's wrong though....

Thanks (0)
avatar
By carnmores
20th Apr 2020 19:55

its all about cashflow in my clients case £40k not to be sniffed . it almost exactly covers the April PAYE NI bill it may have been better to have had an offset facility against future liabilities to stop businesses spending elsewhere and being then unable to pay the liabilities

Thanks (0)
My photo
By Matrix
20th Apr 2020 19:57

I have calculated to the end of June and want clients to approve tomorrow so I can submit and move onto something else.

Also I am worried they (the treasury) will run out of money.

Thanks (3)
Replying to Matrix:
avatar
By carnmores
20th Apr 2020 20:07

agreed but it is probable that things will change but it will be a hell of a lot easier then. it will also give a great guide to the businesses cashflow

Thanks (0)
Replying to Matrix:
avatar
By philaccountant
21st Apr 2020 09:51

Not likely to run out of money now the BoE has agreed to monetise their debt. What that money might be worth is anyone's guess though.

Thanks (0)
By ireallyshouldknowthisbut
20th Apr 2020 20:00

I did one as a tester today, but plan on doing the bulk of mine (for one/two director firms) once they finish furlough.

There are a couple of exceptions who have larger claims or really need the £££ but its going to be 4-5 hours work to do all of ours and I would rather than do that once than 3 or 4 times over the next 3 months.

Thanks (1)
avatar
By Bacc
20th Apr 2020 20:07

Clients chasing for the money - even small employers - I think now that they know the scheme is open they want the money

Thanks (3)
Routemaster image
By tom123
20th Apr 2020 20:22

We need the money, it is a third of our payroll.

Must be nice to be able to wait.

Thanks (2)
blue sheep
By Nigel Henshaw
20th Apr 2020 20:25

How many businesses do you know that could cover a wage bill for 3 months with no income? Certainly not many of our clients most of them will struggle to pay this month

Thanks (1)
avatar
By Sheepy306
20th Apr 2020 20:30

If a client asked me at some stage over the next 2 months if I had submitted their claim then I would feel very uncomfortable saying "nah, I thought I'd wait a bit until it all died down, your cashflow looks okay to me".

Thanks (3)
avatar
By Connie1
24th Apr 2020 10:58

One of my team did a web chat with HMRC and was told that it’s not acceptable to wait until May/June. You can only claim “within a few days” of running the payroll and if you don’t you’ll lose the chance.
Now obviously HMRC webchat is probably even less reliable than their guidance in terms of standing up in a court of law. However frankly, we’re not taking the chance with our clients as it would be disastrous to get to June and then be told we were too late to claim for March, April or May.

Thanks (1)
Replying to Connie1:
.
By Cheshire
24th Apr 2020 15:34

That has to go down as one of the daft sayings of the crisis offerings along with a Banks 'this isnt a way to get cheap money you know!'

Thanks (0)
Morph
By kevinringer
24th Apr 2020 16:14

The functionality of the claim process may improve eg the ability for smaller employers to claim by spreadsheet instead of manual re-keying. So delaying may end up in easier claims. I'm charging my employers per claim and letting them decide how often to claim.

Thanks (1)
Share this content