First Payments now being paid to Employers on Job Retention Scheme
27 April 2020
Wages for furloughed employees are now being paid through the Coronavirus Job Retention Scheme, just six working days after claims opened.
Payments for claims made on Monday 20th April will be in employers’ bank accounts by 28th April.
If you have already made a claim
Don’t worry if you haven’t received payment yet – it takes six working days from when you claimed. It will automatically be sent to the bank account you nominated in your claim. Do not call HMRC to chase payment as no update can be provided before the six working days have lapsed.
If you have not yet made a claim
You can still claim online for a grant for 80% of your furloughed employees’ salaries, up to a maximum of £2,500 per employee, per month. You will receive the funds six working days after you claim, provided your claim matches records that HMRC holds for your PAYE scheme.
You can read more about getting ready to make a claim and how to calculate employees’ wages by reading our articles:
Please note: You must retain all records and calculations for your claims in case HMRC contacts you about them in the future.
Be aware that HMRC will check claims made through the scheme and will act to protect public money against anyone who makes a dishonest claim.