We, and our partners, set cookies and collect information from your browser to provide you with website content and understand web audiences. See our privacy notice to learn more about how we manage your data and your rights. See our cookie policy to understand how we use cookies and tracking technology.
The HMRC portal to process the Coronavirus Job Retention Scheme (CJRS) will have the capacity to handle 450,000 claims an hour when it goes live on April 20.
Once claims have been submitted, payment for furloughed workers can be expected within four to six working days.
Most importantly, companies will be able to claim furlough payments 14 days in advance of an employer’s payroll run, thereby easing immediate cash flow pressures.
The Job Retention Scheme allows businesses to furlough their staff and claim 80% of their wages, up to £2,500 per month. This has been put in place to safeguard workers who would otherwise be made redundant.
However, there are criteria that need to be followed to allow the business to claim these wages on the employees’ behalf. The main points are as follows:
Full information and further guidance here