Update 22/04:HMRC Furlough Scheme

HMRC Furlough Scheme.

The HMRC Furlough Scheme is now live:
https://www.gov.uk/guidance/claim-for-wages-through-the-coronavirus-job-retention-scheme#how-to-claim

In essence, the government says that whatever proportion of a provider’s income is made up from private (non-government funded) income, this is the proportion of their wage bill settings can claim financial support for via the Job Retention Scheme.

So if a provider receives 60% of its usual income from private income and 40% from government funding, it can only claim support via the Job Retention Scheme for the provider for up to 60% of their paybill.

The government has said ‘usual’ income will be defined as the provider’s income in February 2020.

To make a claim, you will need:

• to be registered for PAYE online
• your UK bank account number and sort code
• your employer PAYE scheme reference number
• the number of employees being furloughed
• each employee’s National Insurance number
• each employee’s payroll or employee number (optional)
• the start date and end date of the claim
• the full amount you’re claiming for including employer National Insurance contributions and employer minimum pension contributions
• your phone number
• contact name

You also need to provide either:

• your name (or the employer’s name if you’re an agent)
• your Corporation Tax unique taxpayer reference
• your Self Assessment unique taxpayer reference
• your company registration number

You’ll need to have this information to hand before your start to make a claim, if you’re inactive online for 15 mins while making the claim you’ll be kicked out and have to start again, you cannot save your application and return to it at a later time to complete.