80% FOR PAYE EMPLOYEES
The government have introduced the idea that employers with employees on their PAYE records can be paid 80% of their wage and can make a claim to receive this back.
How It Works:
Employees must have a furloughed status in order to receive this. You can't pay an employee for a full month of work and then put in a claim to get those wage costs covered. The staff must be furloughed in order to get the claim
Employees must go through the payroll. We will process the wage for you and calculate what 80% of their standard wage would be. We will process this on the payroll and you should pay that employee their net pay as normal. Once the claim has been accepted, you will then receive this money back from the government
Employees must have been employed from 1st March 2020. Anyone that started after isn't eligible
The claim can be backdated from 1st March 2020
Employers can pay the 20% remaining difference to give the employee a full wage but this isn't compulsory
Any employer that needs to put a claim in will have to do this on behalf of their employee on HMRC's website once this is up and running - we will try and provide link for this as soon as we can.