HMRC enquiries into Coronavirus Job Retention Scheme claims
In this episode, Ami Jack Head of National Tax talks to by David Yewdall, from our Employer Solutions team and Clare Halligan, from our tax disputes and resolution team on HMRC enquiries into Coronavirus Job Retention Scheme claims.
HMRC has estimated the amount lost due to fraudulent or erroneous CJRS claims is £5.3bn, or close to 9%. Attention has turned to recouping this.
There are recent headlines about HMRC enquiries into the Coronavirus Job Retention Scheme/furlough scheme. 8.7% of all payouts in first year were deemed to be due to fraud or error. There may be a high number of errors due to the speed at which the scheme needed to be rolled out.
Read more on this issue here.
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Tax legislation is that prevailing at the time, is subject to change without notice and depends on individual circumstances. Clients should always seek appropriate tax advice before making decisions. HMRC Tax Year 2021/22.
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