Coronavirus Job Retention Scheme set to launch on 20 April

The government's Coronavirus Job Retention Scheme will launch on 20 April, according to HMRC.

Call 01908 233700 or email sarah@reid-co.co.uk

The government's Coronavirus Job Retention Scheme will launch on 20 April, according to HMRC.

The authority has informed tax agents of the launch date and requested their help during the application process.

Under the Coronavirus Job Retention Scheme, businesses are able to apply for government grants for employees' salaries up to the lower of 80% of an employee's regular wage, or £2,500 per month for three months from 1 March.

The scheme could run for longer if the social restrictions to help halt the coronavirus (COVID-19) pandemic remain in place.

In a note to agents, Jim Harra, CEO of HMRC, wrote: 'HMRC have been called on by the Chancellor to urgently direct financial support to where our citizens and businesses need it most. The first wave of this is the launch of the Coronavirus Job Retention Scheme.

'We need your help in this important work. Your influence and your reach across the business sector are instrumental in helping us ensure employers know what they can do to get ready to make their claim. Claims should not be made by phone, it will be an online service.'

Further details on the Coronavirus Job Retention Scheme can be found here.

About our team

Reid & Co. was established in 1981 and today, we continue to build on our enviable reputation for providing excellent advice and first class service to our business and personal clients alike ...

Learn more

Latest news
Contact Details

Please call:
01908 233700

Reid & Co Corporate Services Limited, Artemis House, 4a Bramley Road, Mount Farm, Milton Keynes, Buckinghamshire MK1 1PT

Home | Attribution | Contact us | Site map | Accessibility | Disclaimer | Privacy Policy | Help |
powered by totalSOLUTION

© 2020 Reid & Co. All rights reserved. Registered number: 02300857.

We use cookies on this website, you can find more information about cookies here.
cyber-essentials-logo.png