Wages for furloughed employees have started to come through just six days after the Coronavirus Job Retention Scheme opened.

67,000 claims were made within half an hour of the scheme opening on Monday 20 April 2020. By the end of the day, more than 140,000 businesses had made a claim. If you were one of these employers, all payments for claims made on 20 April will be in your bank account by 28 April.

 

When will I receive payment if I’ve already made a claim?

Payments will come through six working days from when you submitted your claim. HMRC have asked employers not to contact them before the six days have ended because they won’t be able to look into the claim before then.

Once you’ve made your claim, you don’t need to do anything. The funds will automatically be sent to the account you nominated in your claim. As with all HMRC related matters, please hold on to all records and calculations for your claim in case the Revenue needs to contact you about them in future.

 

What if I haven’t made a claim yet?

Don’t worry if you haven’t made your claim yet – there’s still plenty of time. Do bear in mind however that the sooner you claim, the quicker you will be able to pay your employees.

You can find out if you’re eligible for the scheme here and learn more about how to make a claim here.

Please remember that there are a lot of HMRC scams going around at the moment. If you’re ever unsure of a communication you’ve received, feel free to forward it to us and we’ll investigate whether or not it’s genuine. We’ve also put together some tips on protecting yourself against fraud in our news story.

 

If you would like help making a claim against the Coronavirus Job Retention Scheme, please don’t hesitate to get in touch with PKB and we’ll be more than happy to help.

 

To read news and blogs from Rebecca Austin, click here >>

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