The Government’s Coronavirus Job Retention Scheme went live today (20 April), with businesses able to claim up to £2,500 a month towards staff wages.
Employers can apply for direct cash grants through HMRC’s new online portal – with the money expected to land in their bank accounts within six working days.
The scheme allows employers to claim for a cash grant of up to 80% of a furloughed employee’s wages, capped at £2,500 a month.
It will be extended for a further month until the end of June, to reflect continuing Covid-19 lockdown measures.
HMRC’s portal has a step-by-step application process and up to 5,000 people will be staffing phone lines and webchat services to answer questions.
