New coronavirus sick pay scheme for SME’s19/05/2020
The Coronavirus Statutory Sick Pay Rebate Scheme was announced in Chancellor Rishi Sunak’s budget as part of a package of support measures for businesses affected by the outbreak.
The new online service is set to begin on May 26 and will mean that small and medium-sized employers can recover Statutory Sick Pay (SSP) that has been made to employees during the Covid-19 crisis.
Businesses with fewer than 250 employees will be able to apply to the HMRC and recover payments made on and after March 13.
The repayment will cover up to two weeks of SSP and is payable if an employee is unable to work for the following reasons:
- They have coronavirus.
- They are self-isolating and unable to work from home.
- They are shielding because they’ve been advised that they’re at high risk of severe illness from coronavirus.
Employers are eligible if they have a PAYE payroll scheme that was created and started before February 28, 2020 and if they had fewer than 250 employees before the same date.