The Coronavirus Job Retention Scheme is a temporary scheme open to all UK employers for at least three months starting from 1 March 2020. It is designed to support employers whose operations have been severely affected by coronavirus (COVID-19). Further information may be found on the HMRC website at gov.uk
Pegasus released a document to cover the processing of furloughed employees' 80% usual monthly wage costs, up to £2500 a month for the Coronavirus Job Retention Scheme. The full document dealing with Processing in Opera 3 is now available for download.
Pegasus released a document to cover the processing of furloughed employees' 80% usual monthly wage costs, up to £2500 a month for the Coronavirus Job Retention Scheme. The full document dealing with Processing in Opera 3 is now available for download.
Coronavirus Job Retention Scheme Assistance Reports – Opera 3
Pegasus has issued further guidance on the Coronavirus Job Retention Scheme and created two new reports to assist employers with calculating furloughed employees' claims. Essentially the reports show the amount that can be claimed back from HMRC for furlough pay and associated ERs NICs and ERs minimum pension contributions. A software upgrade is not required but you will need to follow these steps to install the update onto your Opera 3 system.
1. Download the Opera 3 JobRetentionScheme.zip (select the download button below) and extract the files.
2. Ensure all users are logged out of Opera and XRL (and any other products which link into your Opera system).
3. Run the ‘CopyJobRetentionSchemeReports.exe’.
4. Check the paths suggested are the correct locations for your System and Reports directories.
5. Select ‘Copy Reports’.
6. Click ‘OK’ when completed successfully and then ‘Quit’ to exit the program.
The new reports can be found in Payroll under EOY/Specials Reports > Advanced Pay/Ded List. At the point of the Publisher loading, select ‘Report Layout’ dropdown and choose the required report.
Download the Furlough Assistance Reports.pdf file below for further guidance on how to run the new reports.
Pegasus has issued further guidance on the Coronavirus Job Retention Scheme and created two new reports to assist employers with calculating furloughed employees' claims. Essentially the reports show the amount that can be claimed back from HMRC for furlough pay and associated ERs NICs and ERs minimum pension contributions. A software upgrade is not required but you will need to follow these steps to install the update onto your Opera 3 system.
1. Download the Opera 3 JobRetentionScheme.zip (select the download button below) and extract the files.
2. Ensure all users are logged out of Opera and XRL (and any other products which link into your Opera system).
3. Run the ‘CopyJobRetentionSchemeReports.exe’.
4. Check the paths suggested are the correct locations for your System and Reports directories.
5. Select ‘Copy Reports’.
6. Click ‘OK’ when completed successfully and then ‘Quit’ to exit the program.
The new reports can be found in Payroll under EOY/Specials Reports > Advanced Pay/Ded List. At the point of the Publisher loading, select ‘Report Layout’ dropdown and choose the required report.
Download the Furlough Assistance Reports.pdf file below for further guidance on how to run the new reports.
The online service you’ll use to claim is becoming available on 20 April 2020. Employers can make a claim through the Job Retention Scheme if they have put their employees on temporary leave (furlough) because of the coronavirus (COVID-19) outbreak. HMRC released a Coronavirus Job retention Scheme Calculator to help with calculating the claim for furloughed workers.
NB: You will need to calculate the amount you are going to be claiming by using the calculator to work it out. Your payroll system is not designed to manage claiming back wages from HMRC and therefore the calculation of furloughed employees and the claimback is your business' responsibility. Please follow Pegasus guidelines to record the payment in your Opera 3 Payroll & HR system and follow the HMRC guidelines to claim the 80% of furloughed employees wages back. Your payroll system will not manage this process. To claim use the link below. HMRC will retain the right to retrospectively audit all aspects of your claim.
What you’ll need to make a claim
- to be registered for PAYE online
- your UK bank account number and sort code
- your employer PAYE scheme reference number
- the number of employees being furloughed, their NI numbers and employee payroll numbers
- the start date and end date of the claim with the full amount you’re claiming for including employer NI contributions & employer minimum pension contributions
- your phone number
- contact name
Watch a video to learn more about the support available to help you deal with the economic impacts of coronavirus published by HMRC.
