HMRC – Coronavirus updates – Re:- Sick Pay Rebate Scheme, Employee Expenses and Benefits and Pensions

Coronavirus Statutory Sick Pay Rebate Scheme to launch

The Government’s new Coronavirus Statutory Sick Pay Rebate Scheme was launched online on 26 May 2020. The Scheme will enable small and medium-sized employers with fewer than 250 employees to apply to HMRC to recover the costs of paying Coronavirus-related Statutory Sick Pay.

Tax agents will also be able to make claims on behalf of employers.  HMRC has published online guidance which includes information about who can use the scheme and the records employers must keep.  To find out more please visit GOV.UK.

Coronavirus (COVID-19) – treatment of certain expenses and benefits provided to employees

If you are providing taxable expenses and benefits to your employees during the COVID-19 pandemic, please note that HMRC has published guidance on the tax treatment of certain benefits and expenses.  

New guidance for employers from the Pensions Regulator:  

What you need to know Whether you offer your staff a defined benefit (DB) or a defined contribution (DC) pension scheme, go to The Pensions Regulator’s (TPR) COVID-19 hub, where you’ll find all its guidance for employers in one place.  

Automatic enrolment –  Your automatic enrolment and re-enrolment duties still apply as normal, whether your staff are still working or are being furloughed as part of the Coronavirus Job Retention Scheme.  You also need to keep paying the correct contributions. Since last month’s update, TPR has added guidance on how the changes to the CJRS affect pension contributions, how to calculate contributions for part-time furloughed workers and technical guidance for larger employers and their advisers (e.g. salary sacrifice arrangements).  You can also find out what to do if you’re struggling to pay your pension contributions.  Employers with DB pension schemes If you offer your staff a DB pension scheme read TPR’s latest guidance, which includes information on how to work with the scheme’s trustees if you need to temporarily reduce scheme deficit repair contributions You can also find the recently-published Annual Funding Statement which sets out how you should approach your next scheme valuation.

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