Telephone check.
I had a telephone check today from HMRC which just checked the basic information (Utr, company name etc), nothing about individual employees. At the end of the call they said they were going to pay the money.
"So potentially each week could have a different 80 % gross pay figure"
HMRC said
If the employee has been employed for 12 months or more, you can claim the highest of either the:
same month’s earning from the previous year
average monthly earnings for the 2019-2020 tax year
If the employee has been employed for less than 12 months, claim for 80% of their average monthly earnings since they started work.
-I have assumed that we can replace 'month' with 'week' to get an accurate figure.
-This is what I have done for variable pay staff for my clients. Let's hope I haven't done the work for nothing.
Give the client choices, 3 is a good number (Premium, standard, essential) in £ per month.
I'd probably look at 449, 599, 999 or some variation to try to get them to take up high end price.
Monthly reporting included with standard.
With tax & business advice as part of premium.
Specify exactly what you will do so that you can raise additional work orders in case of scope creap.
This will all take up some of your time but can be used in future with minor modifications.
My answers
andrew1211….sorry- GROUP Deregistration-does that change the answer?
On a webinar now- HMRC are saying that you can only make a claim every 3 weeks.
Telephone check.
I had a telephone check today from HMRC which just checked the basic information (Utr, company name etc), nothing about individual employees. At the end of the call they said they were going to pay the money.
"So potentially each week could have a different 80 % gross pay figure"
HMRC said
If the employee has been employed for 12 months or more, you can claim the highest of either the:
same month’s earning from the previous year
average monthly earnings for the 2019-2020 tax year
If the employee has been employed for less than 12 months, claim for 80% of their average monthly earnings since they started work.
-I have assumed that we can replace 'month' with 'week' to get an accurate figure.
-This is what I have done for variable pay staff for my clients. Let's hope I haven't done the work for nothing.
It is taxable.
I am charging for doing furlough calculations & claims as an addition to normal payroll as one way to cut down the work I need to do.
DJKL
WHY THE STRANGE RESPONSE?
Give the client choices, 3 is a good number (Premium, standard, essential) in £ per month.
I'd probably look at 449, 599, 999 or some variation to try to get them to take up high end price.
Monthly reporting included with standard.
With tax & business advice as part of premium.
Specify exactly what you will do so that you can raise additional work orders in case of scope creap.
This will all take up some of your time but can be used in future with minor modifications.
Put in caveats for poor bookkeeping.
Look at pricing theory.
Look at AVN's ideas
I'm ominously using VT and download using AutoEntry's VT Excel option.
I believe that the Director has to phone up Hmrc to close the CIS.