Furlough leave: HMRC portal now open

HMRC’s Coronavirus Job Retention Scheme (JRS) portal went live today, with businesses now able to claim up to £2,500 a month towards staff wages.

With many companies across all regions and sectors of the UK economy heavily reliant on the Government’s COVID-19 business support funds, employers will be relieved to know they can now go online to claim cash grants worth up to 80 per cent of wages, capped at £2,500 a month per employee, with the money expected to reach bank accounts within six working days.

For those of you tackling the online portal today, HMRC has provided a step by step application guide explaining the information that employers need to provide to make a claim through the JRS, as well as the processes involved.

You can access the online portal here.

Other useful information provided by Government includes:

Guide to calculating 80 per cent of your employees’ wages

Guide for employers – to work out if you are eligible and how much you can claim to cover wages for employees on furlough

Guide for employees – to find out you’re eligible, and how much your employer can claim if they furlough you

For more information about the Scheme and how we can help you and your business, contact your usual Beavis Morgan group Client Partner or email info@beavismorgan.com.

You can also read our briefing note, where we identify some of the key aspects of the recently updated JRS guidance and provide a summary of the key points, here: Government updates guidance on furlough leave.