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Article:

Coronavirus Job Retention Scheme – assisting you with your calculation

04 May 2020

The Government-sponsored Coronavirus Job Retention Scheme (CJRS) allows all UK employers to claim a grant of up to 80% of an employee’s gross wage (subject to a monthly maximum of £2,500) where they are put on temporary furlough (non-working) leave for a period of up to three months after 1 March 2020.

We have developed a time saving calculator that allows our specialist employment tax team to assist businesses to assess the impact across their entire furloughed population. Unlike HMRC’s tool, ours is able to consider and process the entire furloughed population at once and we will deliver an output to the client incorporating detail for all affected employees on a case-by-case basis and providing an audit trail in case of future review by HMRC.

We offer an initial skype call, a request for data and then we will process that data and deliver the output to you so that you may make your claim via the government portal.

Our team can also provide additional comfort to employers by reviewing their initial claim and then helping them to correct their future claims when HMRC’s expected correction facility becomes available.

This additional assistance and holistic view of calculating the value of CJRS claims offers employers confidence that they have calculated correctly, particularly once HMRC begin auditing use of the scheme. Organisations who have already benefitted from this service have commented that it saved time, and aided in providing a full understanding of calculations.  A consultation with one of our specialist team members meant they were able to manage the full process, including any technical complications with us.

If you would like to hear more about how this offering could benefit you, please do not hesitate to contact us should you require any assistance.

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Additional details have been released around the CJRS and salary exchange arrangements, which can be found in the attached links:

Read the most up to date BDO FAQs on the Coronavirus JRS