On Friday 17th April 2020, the Government released further guidance on the Job Retention Scheme and how to calculate the grant for each employee.
Currently they have not yet released an online calculator to assist with the claims. As a result, we have prepared our own calculator based on the information released to date. We expect HMRC to produce their own calculator in the next few days. In the mean time the Job Retention Scheme Calculator below can be used as a guide.
HMRC Further Guidance on Job Retention Scheme Calculations
As stated previously our calculator is based on the guidance released by HMRC on Friday 17th April 2020. Here are the links to the examples they have provided:
Step by Step Guide for Employers
HMRC Job Retention Scheme Calculation Examples
Our Further Guidance on Job Retention Scheme
We have created numerous blogs to assist with the Job Retention Scheme. These are as follows:
Job Retention Scheme Portal – Step by Step guide on how to make the claim
What is the Job Retention Scheme?
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