Coronavirus Job Retention Scheme Portal Opens On 20 April!
Payments should be made by the end of the month ...
POSTED BY HELEN BEAUMONT ON 15/04/2020 @ 8:00AM
Last week, HMRC announced plans to open the new online Coronavirus Job Retention Scheme (CJRS) service on the 20th April. The first claims will be paid some 10-day later ...
The new online Coronavirus Job Retention Scheme (CJRS) service launches on the 20th April!
copyright: yurolaitsalbert / 123rf
The Coronavirus Job Retention Scheme was announced by Chancellor Rishi Sunak last month. It has been of great concern to many business owners if HMRC will pay the CJRS grants in time to save their cash-strapped business.
"HMRC announced last week that it
would launch on 20th April!"
Payments will be made around 10 days after the claim has been submitted and following that, future claims will be paid within around six days. The online service is being beta tested with a small group of selected employers, and applicants will access it with their existing Government Gateway credentials.
Following the first backdated claims, any subsequent claims cannot be made more than 14-days before payroll is run. Authorised tax agents who act on behalf of clients will be able to file claims, but file-only agents and payroll bureaus will not be due to data protection issues.
The new online CJRS system is rather resilient with a capacity of 450,000 users per hour, but HMRC has said there may be some queuing to make an application, as we've come to expect with online supermarket shopping.
"But do be warned!
HMRC is also setting up a Coronavirus Job Retention Scheme whistleblower service so employees can report employers who abuse the service by making them work when they are officially furloughed.
Until next time ...
Would you like to know more?
If anything I've written in this blog post resonates with you and you'd like to discover more about the Coronavirus Job Retention Scheme, do call me on 01908 774323, leave a comment below or click here to ping over an email and let's see how I can help you.
About Helen Beaumont ...
Helen brings the personal tax planning experience of the top 20 tax companies to Essendon. Formerly of MacIntyre Hudson (with 45 offices nationwide), Helen worked at Chancery for more than 10 years before joining Essendon as the personal tax specialist.
Tax Planning can make a considerable difference to your tax liability. Helen has specialist knowledge and experience in tax planning and uses every opportunity to minimise your tax bill is utilised. By analysing your investments, income, profit and expenditures, Helen will provide strategic tax planning expertise that could offer significant savings, whilst delivering clear, honest advice and guidance.
When Helen is not at Essendon she spends time with her young son and likes going on long walks with the family dog.
More blog posts for you to enjoy ...
Other bloggers you may like to read ...