HMRC has started off its compliance activity on Coronavirus Job Retention Scheme (CJRS) grants. They are writing letters to 3,000 employers who may need to repay some or all of their claim.
HMRC has been already evaluating Coronavirus Job Retention Scheme (CJRS) applications critically. Therefore, they are now starting the next phase of its compliance activity. So, they’re writing this week to about 3,000 employers it believes may need to repay some or all of their CJRS grant.
Click here to know about our services
HMRC advises that these letters are going to cases where businesses may have claimed more CJRS grant than they are entitled to.
Secondly, the business may not meet the conditions to receive a CJRS grant – for example, by including employees in their CJRS claim who are not eligible.
Furthermore, the letter will ask businesses to review their CJRS claims and to contact HMRC. They might think they have made a mistake or not.
Lastly, HMRC will charge a penalty for the error in the claim if any has overpaid CJRS grant is repaid it voluntarily within the appropriate time limit.
HMRC will take action against those that deliberately set out to defraud the system or claim money they are not entitled to. However, its aim is not to target innocent errors.
These letters are the first stage of HMRC’s compliance activity approach and that more employers may be contacted in the future.
Visit us also for the best accountancy services in Leeds.
Care Accountancy Leeds offers high-class professional services to its customer. Our primary focus remains on client care and service. We attempt to fulfil their needs on a timely, effective and efficient basis.
We have technical expertise within our team which is second to none. Our professional team of Chartered Accountants and Certified Chartered Accountants will provide you with bespoke services which will not only meet your expectations but exceed your expectations.
Visit us or call us for details about HMRC’S compliance activity on CJRS grants.
