Get the free Coronavirus Job Retention Scheme statistics - July 2020

Statistical bulletinCoronavirus Job Retention Scheme Official Statistics on claims made to the Coronavirus Job Retention Scheme (CARS) up to 30 June 2020. Contact: Peter Umbrellas date: 15 July 2020Press

How to fill out coronavirus job retention scheme

How to fill out coronavirus job retention scheme

1. To fill out the Coronavirus Job Retention Scheme, follow these steps:
2. Determine if you are eligible for the scheme. The scheme is for employers who cannot maintain their current workforce because their operations have been severely affected by COVID-19.
3. Calculate the amount to claim. You can claim a grant for up to 80% of your employees' usual wages, up to a maximum of £2,500 per month.
4. Gather the necessary information. You will need the following details: your employer PAYE reference number, the number of employees being furloughed, each employee's National Insurance number, and each employee's payroll or employee number.
5. Submit the information to HM Revenue and Customs (HMRC) using the online portal. The portal allows you to upload a file or input the information manually. Ensure accuracy when entering employee details and claim amounts.
6. Keep records of your claim. Retain all relevant records, calculations, and evidence for at least five years.
7. Receive the grant. If your claim is approved, HMRC will make a payment directly into your bank account.
8. Pay your furloughed employees. It is your responsibility to pass on the grant to your employees, paying them through your payroll and deducting the appropriate taxes, National Insurance contributions, and any other relevant deductions.
9. Communicate with your employees. Keep your employees informed about the status of their furlough and any changes in their employment circumstances.
10. Stay updated. Regularly check the official government guidance on the scheme as it may evolve over time.

Who needs coronavirus job retention scheme?

1. The Coronavirus Job Retention Scheme is designed to support employers who are facing financial hardship and cannot maintain their current workforce due to the impact of COVID-19.
2. Employers who have experienced a significant downturn in business or have had to temporarily close their operations can benefit from the scheme.
3. It is available to businesses of any size, including charities, recruitment agencies, and public authorities, as long as they have created and started a PAYE payroll scheme on or before 19 March 2020.
4. Notable examples of industries that may require the scheme include hospitality, retail, leisure, and travel, as these sectors have been particularly affected by the pandemic.
5. Employers can use the scheme to furlough employees and claim a grant to cover a portion of their wages, helping to avoid redundancies and sustain their workforce during this challenging time.

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What is coronavirus job retention scheme?

The Coronavirus Job Retention Scheme is a government initiative aimed at supporting employers who have been affected by the COVID-19 pandemic. Through the scheme, employers can claim a grant to cover a portion of their employees' wages if they are placed on furlough.

Who is required to file coronavirus job retention scheme?

Employers who have furloughed employees and wish to claim the grant provided by the scheme are required to file the Coronavirus Job Retention Scheme.

How to fill out coronavirus job retention scheme?

Employers can fill out the Coronavirus Job Retention Scheme by logging into the HMRC portal and providing information about the furloughed employees, the duration of furlough, and the wages being claimed.

What is the purpose of coronavirus job retention scheme?

The purpose of the Coronavirus Job Retention Scheme is to help employers retain their employees during the pandemic by providing financial support for their wages while they are on furlough.

What information must be reported on coronavirus job retention scheme?

Employers must report information such as the number of furloughed employees, their usual and furloughed hours, and the amount being claimed for their wages.