HMRC have been running a number of online presentations to help businesses during the pandemic. Today‘s presentation focused on the Corona Virus Retention Scheme (Furlough), which NBRA would like to share with members as a recap.
Some of the key points taken from the presentation include:
Furlough will pay 80% of wages, but you still pay NI, pension and tax
Maximum £2500 a month
Recipients will be paid within 6 days of claim
Needs to be claimed within 14 days of the payment period
You can only make 1 claim per month
You will need to keep written records for 6 months
Below we would like to include a range of useful links that should be really helpful:
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