Ward Williams HR answer JRS FAQ for employers. That have come our way to date, It is not advice in itself. Please contact the office for further guidance.
Here are some example questions below.
What is JRS?
A temporary scheme open to all employers for at least 3 months starting 1st March 2020. There is no financial limit as to what employers can claim. The scheme is limited only by a cap on the maximum grant that can be claimed in respect of an individual employee.
How does it work?
Employers can apply to HMRC for a grant to cover the lower of 80% of an employee’s regular salary of £2500.00 per month (capped) plus employer’s National Insurance Contributions and employer’s minimum pension contributions of 3%. Fees commission and bonuses are not included.
What employers are eligible for JRS?
The scheme is open to all UK employers that had created and commenced a PAYE scheme at the end of February 2020.
Should you require specific advice on any question or require letter templates please do get in contact with Sally Phillips, the MD of Ward Williams HR Limited. Tel 01932 830664. Email sally.phillips@wardwilliams.co.uk