Coronavirus Job Retention Scheme claims for March

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You can now submit your Coronavirus Job Retention Scheme (CJRS) claims for periods in March 2021.

These must be made by Wednesday, April 14.

You can claim before, during or after you process your payroll.

If you can, it’s best to make a claim once you’re sure of the exact number of hours your employees will work so you don’t have to amend your claim later.

Check if you and your employees are eligible and work out how much you can by searching 'Job Retention Scheme' on GOV.UK.

What you need to do now

  1. 1.    If you haven’t submitted your claim for February but believe that you have a reasonable excuse for missing the deadline, check if you can make a late claim by searching 'claim for wages' on GOV.UK.
  2. 2.    Submit any claims for March no later than Wednesday, April 14.
  3. 3.    Keep records that support the amount of CJRS grants you claim, in case HMRC needs to check them.

Extension to the CJRS

As announced in the 2021 Spring Budget, the CJRS has been extended until the end of September 2021.

For periods from May 1, 2021 onwards, you will be able to claim for eligible employees who were on your PAYE payroll on March 2, 2021.

This means you must have made a PAYE Real Time Information (RTI) submission between March 20, 2020 and March 2, 2021, notifying HMRC of earnings for that employee.

The government will continue to pay 80% of employees’ usual wages for the hours not worked, up to a cap of £2,500 per month, up to the end of June 2021.

For periods in July, CJRS grants will cover 70% of employees' usual wages for the hours not worked, up to a cap of £2,187.50.

In August and September, this will then reduce to 60% of employees’ usual wages up to a cap of £1,875.

You will need to continue to pay your furloughed employees at least 80% of their usual wages for the hours they do not work during this time, up to a cap of £2,500 per month.

This means, for periods between July and September, you will need to fund the difference between this and the CJRS grants yourself.

You can also top up wages above the 80% if you wish, but you are not required to do so.

You must continue to pay Employer National Insurance contributions and pension contributions on subsidised furlough pay from your own funds.

Ellis & Co Chartered Accountants and Business Advisers, Chester & Wrexham - 01244 343504, info@ellis-uk.com