Search
  • Helen White

HMRC seeking powers to recover COVID grants

HMRC are seeking powers to recover payments to which the recipient is not entitled to receive and also charge penalties in cases of deliberate non-compliance. It is understood that HMRC will recover Self-employed Income Support Scheme grant by way of a 100% tax charge in a process which will be independent of the self assessment tax return.

They will also review the Coronavirus Job Retention Scheme, with a particular focus on amount claimed for the people who were on the payroll prior to 19th March 2020 and whether the employee was working.

Chartered accountants, Acer Accounts will be able to assist in any queries you may have in relation to the grants, offering the correct tax advice through our business advisors.

2 views

Recent Posts

See All

CJRS changed from 1st November

Claims for periods starting on/after 1 November 2020 can include individuals employed at 30 October 2020 provided an RTI submission has been made between 20 March 2020 and 30 October 2020 notifying at

Job Support Scheme (JSS)

Rules for the JSS (Open) - the Government will pay 61.67% of hours not worked up to a cap of £1,541.75 per month. The employer will contribute 5% of non-worked hours up to a cap of £125 per month. The

Tel. 0117 287 2438

©2019 by Acer Accounts            Company Information