A new online service will launch on 26th May for small and medium sized businesses to recover Statutory Sick Pay (SSP) payments they have made to their employees.
This Coronavirus Statutory Sick Pay Rebate Scheme will allow SMEs with fewer than 250 employees, to apply to HMRC to recover the costs of paying Coronavirus-related SSP.
This means they will receive repayments at the relevant rate of SSP that they have paid to current or former employees for eligible periods of sickness starting on or after 13th March 2020.
Employers are eligible if they have a PAYE payroll scheme that was created and started before 28th February 2020 and they had fewer than 250 employees before the same date.
The repayment will cover up to two weeks of SSP and is payable if an employee is unable to work because they:
- have coronavirus; or
- are self-isolating and unable to work from home; or
- are shielding because they’ve been advised that they’re at high risk of severe illness from coronavirus.
Thinking of appointing Dolan Accountancy?
Give us a call on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.
Email JaimeSecretary of State for the Department of Work and Pensions, Therese Coffey, said, “We are committed to supporting Britain’s small and medium businesses through this pandemic with a comprehensive package of support.
“This rebate will put money back in the pockets of millions of employers, ensuring they can hit the ground running as the economy re-opens.”
Angela MacDonald, HMRC’s Director General of Customer Services, added, “Our teams have worked hard to deliver this scheme for employers and their employees, to ensure they get the support they need. We want employers to be secure in the knowledge they will receive help as they care for their staff during this difficult period.”
To find out more about contracting please contact Jaime on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com
Trusted by over 1,000 contractors |