Businesses able to recover Coronavirus-related Statutory Sick Pay payments from next week

Small and medium-sized employers will be able to recover Statutory Sick Pay (SSP) payments made to workers from 26 May, it has been announced.

The Coronavirus Statutory Sick Pay Rebate Scheme was first revealed in March as part of the Government’s package of support for businesses affected by Covid-19.

Under the scheme, eligible employers (defined as those with fewer than 250 employees) can apply to HM Revenue & Customs (HMRC) to recover the costs of SSP paid to current or former workers for eligible periods of sickness starting on or after 13 March 2020.

The repayment will cover up to two weeks of SSP if an employee is unable to work because they were ill with the coronavirus, or are self-isolating and unable to work from home, or are shielding because they’ve been advised that they are at high risk of severe illness from coronavirus.

To be eligible for repayment, employers must have had a PAYE payroll scheme in place before 28 February 2020 and had fewer than 250 employees before the same date.

According to the Department of Work and Pensions (DWP), a new online service will be launched on Tuesday 26 May 2020 to receive claims of a maximum of £191.70 per employee.

Please note that for the period 13 March 2020 to 05 April 2020, the SSP rate was £94.25 per week, compared to the current £95.85 per week.

As your tax agent, we can apply for the recovery of costs on behalf of your business. For support, please get in touch with our expert team today.

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Posted in Business, Covid-19, Covid-19 - Loans, Grant and Deferrals.