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We're hiring a Year End Accountant. Here's everything you need to know if you're interested in the role.
Further details on the practical operation of part-time furlough in tandem with the coronavirus job retention scheme (CJRS) were released late on Friday. We know that from 1st July any employee on furlough can return to work part-time, whilst claims can be made under CJRS for the time they are not working.
Before we get onto the main event, let’s first again underline the vital importance keeping good quality records of any claims – for at least six years. HMRC are aware that the process is very open to fraudulent claims/ We’re confident that they will follow up on their promise of a ‘second wave’ of checks in the future to validate any claims which they may find suspicious, or indeed many that may throw up an anomaly based on data validation.
Any Blu Sky client for whom we’re processing claims will have completed a claim template so we have consistent, quality information, but in the event of an enquiry this may also need backing up by relevant letters to the employees and other work records.
We know that from 1st July any employee on furlough can return to work part-time, whilst claims can be made under CJRS for the time they are not working. As a very brief introductory example, that means if someone comes back to work 2 days out of 5, the employer must pay the full wages for those 2 days, then claim and pay over 80% of the wages for the remaining 3 days.
So far so simple, but the devil is in the detail. So what changes in the detail:
Since our last blog on the topic, we can confirm that there is now an amendment process for prior over-claims through the portal. Under-claims must continue to be processed by telephone and will be subject to a separate confirmation reference. We’d strongly recommend, particularly when we get into July, that cash-flow issues permitting you don’t make a claim until you are certain of your employees working patterns and hours.
If you are altering the terms of your employees furlough, it’s wise to follow that up in writing. We strongly advise you take employment law advice if this is the case.
We're hiring a Year End Accountant. Here's everything you need to know if you're interested in the role.
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