Lancashire business owners can now apply for the Government's coronavirus Job Retention Scheme
and live on Freeview channel 276
The Coronavirus Job Retention Scheme went live on Monday with businesses able to claim towards staff wages.
The launch of the scheme comes as the Government was warned of the economic cost for many companies of any delay in its implementation.
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Hide AdIn a statement, Chancellor Rishi Sunak said: "Our unprecedented job retention scheme will protect millions of jobs across the country and is now up and running.
"It's vital that our economy gets up and running again as soon as it's safe - and this scheme will allow that to happen."
Under the furlough scheme, employers can go online to claim cash grants worth up to 80 per cent of wages, capped at £2,500 a month per worker.
Approximately 5,000 HMRC staff will operate the scheme, intended to assist thousands of UK firms, with the money due to reach bank accounts within six working days, a statement from the Treasury said.
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Hide AdPhone lines and web-chat services will be available to help answer applicants' questions, with the scheme launching 10 days ahead of schedule, it added.
The Chancellor earlier announced the scheme will be extended for a further month until the end of June, in light of the ongoing countrywide Covid-19 lockdown.
Adam Marshall, director general at the British Chambers of Commerce (BCC), said: "Our research indicates that two-thirds of firms have furloughed some portion of their workforce.
"With April's payday approaching, it is essential that the application process is smooth and that payments are made as soon as possible. Any delay would exacerbate the cash crisis many companies are facing and could threaten jobs and businesses."
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Hide AdIf Busiesses have an agent that has authorisation to act for them on PAYE matters online, they can make a claim for CJRS on the business' behalf. But if doing it themselves they need to gather basic information first. This includes:
1. The number of employees being furloughed.
2. The dates employees have been furloughed to
and from.
3. Details of employees – the name and
National Insurance Number of each furloughed
employee.
4. Your employer PAYE scheme reference number.
5. Your Corporation Tax Unique Taxpayer Reference, Self-Assessment Unique Taxpayer
Reference or Company Registration Number
as appropriate for your entity.
6. Your UK bank account details.
7. Your organisation’s registered name.
8. Your organisation’s address.
Further information can be found at: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/880099/Coronavirus_Job_Retention_Scheme_step_by_step_guide_for_employers.pdf