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Coronavirus Job Retention Scheme – Employers, apply now!

by Gemma Melling

Has your business had to furlough employees due to distruption caused by Covid-19?

The Government’s online service for claiming 80% of your employee’s wages plus any employer National Insurance and pension contributions is now available here.

This scheme is designed to help employers whose operations have been severely affected by coronavirus (COVID-19) to retain their employees and protect the UK economy. You can furlough employees and apply for a grant that covers 80% of their usual monthly wage costs, up to £2,500 a month. Full details of the scheme can be found here and a step by step guide can be found here.

To receive payment by 30 April you will need to complete an application by 22 April. It takes six working days for the claim to be processed, issued and received.