We know it can be hard to keep up with the latest information from the government and understand many employers may be unsure of what they are eligible for, which is why we have created this simple summary explaining the support that is available and the deadlines to claim.

VAT Deferral:

The deferral scheme is open for all businesses who deferred paying VAT during 20th March and 30th June 2020.

These deferred payments can now be spread over a number of months, the sooner you join the more instalments are available to you – act fast!

Click here to join the scheme, the deadline to apply is the 21st June 2021:

https://www.gov.uk/government/news/vat-deferral-new-payment-scheme-online-service-opens

CJRS Claims for April

Firstly, these claims must be made by Friday 14th May and you can claim before, during or after you process payroll, but it is best to claim once you are certain on the hours your employees will work so you won’t need to make changes later!

It is also crucial to note that you must pay the associated employee tax and NI contributions to HMRC, failure to do so will mean you need to repay the full CJRS grant.

CJRS Eligibility from May

If you have employees who previously were not eligible for the scheme due to not being on payroll on 30th October 2020, they could be eligible for periods from 1st May.

From May you can claim for employees who were on your PAYE payroll from the 2nd of March 2021 meaning you must have made a PAYE Real Time Information submission between 20/03/20 – 02/03/2021 notifying HMRC of earnings for each employee.

You and your employees do not need to have benefitted from the scheme before to make a claim, as long as you meet the eligibility criteria!

Changes to CJRS grants in the coming months:

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

Until the end of July: The government will pay 70% of employee’s usual wages for hours not worked up to a cap of £2,187.50

During August and September: The government will pay 60% of employee’s usual wages for hours not worked up to a cap of £1,875.

From July however, employers must continue to pay the difference in wages for furloughed employees to at least 80% of their usual wages for hours not worked.

If you have any questions, please get in touch with us today.