HM Revenue & Customs (HMRC) is reportedly writing to 3,000 employers over claims they have made for grants from the Coronavirus Job Retention Scheme (CJRS).
The ICAEW Tax Faculty says that HMRC began issuing the letters at the end of August to businesses that are suspected of having claimed more than they were entitled to or grants for which they were not eligible.
The letters invite employers to contact HMRC following a review of their claims and provide an opportunity for repayments to be made without penalty.
It is thought that further employers will be contacted by HMRC in the future. Businesses who believe they have made an error can make a voluntary correction of earlier CJRS claims should they wish.
No penalty will be applied for errors in a CJRS claim if the excess grant is corrected voluntarily within the later of:
- 90 days from the receipt of the grant, and
- 20 October 2020.
There are also no penalties for submitting an inaccurate CJRS claim which resulted in a grant that was lower than the employer was entitled to.
To date, 9.6 million jobs have been furloughed by 1.2 million employers at a cost of £35.4 billion.
We can assist with a wide range of payroll matters, including resolving issues with the CJRS. To find out more about our payroll support, please contact us.