How Furloughed Grant Is Paid Out?

[OldChestNuts]

Does anyone knows how the JRS grant is paid?
I received a payment and not sure how it is worked out against the net pay of the normal take home pay. Not sure how long it supposed to pay out for.
Has anyone received their grant and knows how it was worked out or how long it supposed to be paid out for?
Thanks in advance.

[fiction-factory]

It'll be based on gross earnings for 3 months I think, then the relvant deduction is made
See gov.uk

[chelle7272]

https://www.gov.uk/guidance/work-out-80-of-your-employees-wages-to-claim-through-the-coronavirus-job-retention-scheme

[bednobs]

it is paid to employers, not employees.
https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme See here on how it's worked out

[fiction-factory]

I forgot to mention that it's 80% up to the max. figure
https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme

[fiction-factory]

I was assuming you were self employed.
Did you mean the furlough scheme- are you an employee?

[bednobs]

are you talking about furlough JRs (employed)
or grant (self employed(?

[bednobs]

snap!

[OldChestNuts]

I asked the accountant to make a Jrs grant claim for a myself is a director of a limited company (cafe) and I employ two other part time staff.
I have agreed to pay 100% during the lockdown period. The cafe is still closed.

[bednobs]

if you are paying someone to sort it out for you, ask them.

[OldChestNuts]

Sorry Bednobs, the accountant is a one man ban and I am told he is currently I'll and not working until he gets better.

[pixie374]

I thought limited companies weren't eligible?

[bednobs]

so has he already done it or not? If not you need to go to the .gov link and do it yourself (if you are eligible)

[bednobs]

https://www.moneysavingexpert.com/news/2020/04/self-employed-help-coronavirus/ look here for help for limited companies (very little i'm afraid)

[Maydup]

It might be best to find another one man band accountant to help you while the other is unwell. Just to make sure the sums are correct and that you are claiming everything you are entitled to. Have you claimed the business grant from your local authority for example?

[Maydup]

https://www.gov.uk/government/collections/financial-support-for-businesses-during-coronavirus-covid-19

[OldChestNuts]

I don't think myself is eligible for the furloughed money. It is the staff that should be qualified. The accountant has applied in early April and I have received money in the business account.
However, the amount been credited does not corresponds to the 80% of total staff gross pay for 3 months.
It will be a question for the accountant...

[Maydup]

Specifically this one for hospitality industry

https://www.gov.uk/guidance/check-if-youre-eligible-for-the-coronavirus-retail-hospitality-and-leisure-grant-fund

[OldChestNuts]

Thanks for all the responses..
I have worked it out the payment received from the furloughed grant for the staff. It is based on approx 9 weeks of pay, from 23rd March to 13th May.

[fiction-factory]

You seem to be using the incorrect term of GRANT which confused us. The 3 months figure only applies to grants for self employed. The furlough payments are based on normal pay cycles (weekly, monthly) as you have now realised. There should be a further payment to come in June if you are still claiming

[THECORBYLOON]

This is a link to the calculator
https://www.gov.uk/guidance/work-out-80-of-your-employees-wages-to-claim-through-the-coronavirus-job-retention-scheme#calc