HMRC Update: Deadlines for Coronavirus Job Retention Scheme Claims
12th Nov 2020
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With all the recent updates from HMRC, we appreciate it can be difficult to remain on top of all the payroll changes. Accountants using payroll software, need to keep up with the key deadlines, advise clients and ensure they are processing payroll which is COVID-compliant. That’s why have put together a summary here of the key HMRC deadlines which are fast approaching.
What is the Coronavirus Job Retention Scheme (CJRS)?
CJRS is a scheme the government introduced because of the coronavirus pandemic in order to give financial support to businesses and employees. Originally it had been extended from 1st November 2020 until 2nd December 2020 but has now been extended further until the end of March 2021. Claims for the new extended periods can be made from 11th November 2020.
Under this scheme all employers, regardless of size or business sector, can claim from HMRC a payment for 80% of the wage costs for employees that were furloughed up to a maximum of £2,500 per month per employee. If the employer can afford to top up the additional 20% of the employee’s wages they can pay the employee the additional amount if they wish.
It remains that the claim periods must commence and end within the same calendar month and claim periods cannot overlap.
CJRS Claims Deadline – What you need to know
Claims under the CJRS for periods up until and including 31st October 2020 will have to be submitted on HMRC’s claim portal by 30th November 2020.
Claims for the month of November 2020 must be submitted via HMRC’s online claim portal by 14th December and claims for each subsequent month thereon must be submitted by the 14th of the following month.
HMRC intend on making grant payments to an employer six working days after a claim is submitted under the CJRS claim facility.
How is the Coronavirus slowing down your payroll?
Make sure that the coronavirus doesn’t slow down your payroll. Download the guide, ‘How to avoid pitiful payroll processing during COVID-19’ to learn:
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