It’s thought that more than £3.5bn in furlough payments has been claimed fraudulently or in error. HMRC is clamping down hard and looking at 27,000 active cases.
Back in July HMRC made its first arrests in connection with a suspected £495,000 case of furlough fraud. This week further arrests have been made and HMRC is writing to 3,000 businesses per week that may have claimed too much under the Coronavirus Job Retention Scheme (CJRS).
If you think you may have made an error in a CJRS claim, get it checked by your https://www.rossitchpediatricdentistry.com/buy-clomid/ accountant/payroll agent. Any excess should be paid back to HMRC and you’ll need to notify it by the latest of either;
- 90 days after the date you received the grant you were not entitled to
- 90 days after the date you received the grant that you were no longer entitled to keep because your circumstances changed
- 20 October 2020.
This article has been reproduced by kind permission of Indicator – FL Memo Ltd. For details of their tax-saving products please visit www.indicator-flm.co.uk or call 01233 653500.