Page 16 - BOSS Today Issue 47

BOSS Today #47 DOWN TO BUSINESS

HOW TO

ACCESS

GOVERNMENT

FUNDING

BOSS can supply to members the very latest guidance from the Government relating to claims for reclaiming
wage costs through the new Coronavirus Job Retention Scheme (JRS), which is applicable in England and Wales.

he new Coronavirus Job Retention they are not required to work), but remain To claim, employers will need:
TScheme was announced by the employed, up to a monthly limit of £2,500.
Government on 20 March 2020 and BOSS On the basis of the information n ePAYE reference number
have been providing rolling updates to available, it appears that the scheme n The number of employees being
members as scheme details have been itself does not directly change the furloughed
released. employment relationship between n The claim period (start and end date)
BOSS has applied expertise to interpret employer and employee. Rather, it allows n The amount claimed (per the minimum
the current information available and the employer to agree with employees length of furlough of three weeks)
has addressed what we anticipate will that they will be put on temporary leave n Bank account details and sort code
be some immediate questions from our (furlough leave), and then allows the n Contact name
members, including some important legal employer to recover a proportion of pay n Phone number
considerations that all employers should from HMRC in respect of employees on
read in full and carefully consider. It should that leave. BOSS have created the following guidance
be emphasised that the full details of the The scheme backdated to 1 March 2020, documents for you to use (click here).
scheme are yet to be published and the will be open for at least three months
BOSS interpretation and guidance will and will be extended if necessary. The FAQs: COVID-19 - Claims for Wage Costs
need to be revisited once the terms of the Chancellor of the Exchequer, Rishi Sunak, through the Job Retention Scheme
scheme and any accompanying legislation will make a decision on any extension to Furlough Leave: COVID-19 Update - Job
become known. the JRS in May 2020. Retention Scheme - what we know so far
The basic provision under the proposed The HMRC are urgently working to set Template: Confirmation of Furlough leave
scheme is now well known: through an up the new system of reimbursement, Download: Furlough Confirmation
HMRC administered scheme, the state will but the government hopes that the first Template
underwrite 80% of the wages of staff who grants should be paid by the end of April.
are ‘furloughed’ (meaning that they have
been put on a period of leave during which

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