COVID-19 Job Retention Scheme – 2 weeks left to revisit claims
As anticipated, HM Revenue & Customs (HMRC) started its review of the Coronavirus Job Retention Scheme (CJRS) claims a couple of weeks ago.
They contacted around 3,000 employers it believes may have overclaimed and where HMRC suspects:
- The business may have claimed more grant than they are entitled to , or
- The business may not meet the conditions to receive the grant (e.g. including ineligible employees on a claim)
HMRC is asking those businesses contacted to review their CJRS claims and contact HMRC to confirm whether or not there has been a mistake.
However, with the head of HMRC anticipating that 10% of claims may be incorrect, and with the latest Government statistics showing that £35.4bn has been paid out to c1.2m employers, HMRC could be seeking reclaims of £3.5bn from employers!
Please get in touch if you have ad hoc queries, want your claims reviewed or, like a number of others already, you want a full CJRS risk review undertaken.
If you would like to discuss your requirements for the next step, please contact: