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The Coronavirus Statutory Sick Pay Rebate Scheme

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POSTED BY ROGER EDDOWES ON 21/05/2020 @ 8:00AM

The Government announced the Coronavirus Statutory Sick Pay Rebate Scheme as one of a range of support measures for COVID-19 affected businesses ...

The Coronavirus Statutory Sick Pay Rebate Scheme can help SMEs with less than 250 employees!

The Coronavirus Statutory Sick Pay Rebate Scheme can help SMEs with less than 250 employees!

copyright: essendon accounts & tax

This scheme allows SME employers, with less than 250 employees, to apply via HMRC and recover the cost of Coronavirus-related Statutory Sick Pay. Employers will be able to claim online from 26th May 2020.

"They will receive SSP repayments paid to current or former employees from 13th March 2020 onwards!"

The Government says it is "committed to supporting SMEs throughout the pandemic" and this rebate will put money back in the pockets of millions of employers, ensuring that when the economy opens back up, they can hit the ground running.

Statutory Sick Pay is currently paid at £95.85 per week and, of course, employers can pay more than that if they choose to, but can only claim the standard SSP rate.

HMRC has worked hard to deliver this scheme for employers with less than 250 employees and is designed to give SMEs everywhere the reassurance and help they need as they support their own staff through the pandemic.

"I feel this is a very positive move from the Government!"

Any employer is eligible if their PAYE scheme was started before 28th February 2020 and they have less than 250 employees. The repayment covers up to two weeks SSP and is payable if an employee can't work because of Coronavirus.

Until next time ...

ROGER EDDOWES
Business Godparent

Would you like to know more?

If anything I've written in this blog post resonates with you and you'd like to discover more about the Coronavirus Statutory Sick Pay Rebate Scheme, call me on 01908 774320, leave a comment below or click here to ping over an email and let's see how the Business Godparent can help you.

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About Roger Eddowes ...

 

Roger trained at Edward Thomas Peirson & Sons in Market Harborough before working at Hartwell & Co, followed by Chancery, as a partner. He started Essendon Accounts and Tax with Helen Beaumont in 2014 as a general practitioner with a hands-on approach.

Roger loves getting his hands dirty, working with emerging, small-to-medium and family businesses to ensure they receive the best possible accountancy advice. Roger utilises an extensive network of business contacts to leverage the best guidance and practical solutions.