Jump to content
Neil.. Lancashire

reimburse 80% of furloughed workers wage costs

Recommended Posts

Neil.. Lancashire

Anybody managed to sign up to getting 80% of there staff wages paid yet.

Share this post


Link to post
ALPINEYORKS

i think it will take months to sort, please correct me if im wrong anyone, but ive been told the system in place is let our business pay staff and within 2-3 months we will be reimbursed don't know how wrong or right that is, still trying to get in touch with my accountant but everybody is in the dark over this. My friends advice was to lay staff off tell the accountant and just wait for the government. complete mess though

Share this post


Link to post
moto
Posted (edited)

Its only 80% of what we pay, so 20% from our pocket.

Edited by moto

Share this post


Link to post
Neil.. Lancashire

You will need to:

designate affected employees as ‘furloughed workers,’ and notify your employees of this change - changing the status of employees remains subject to existing employment law and, depending on the employment contract, may be subject to negotiation

submit information to HMRC about the employees that have been furloughed and their earnings through a new online portal (HMRC will set out further details on the information required)

HMRC will reimburse 80% of furloughed workers wage costs, up to a cap of £2,500 per month. HMRC are working urgently to set up a system for reimbursement. Existing systems are not set up to facilitate payments to employers.

Anyone found this new online portal ?

Share this post


Link to post

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.