Taxpayers asked if they wrongly claimed pandemic support
HMRC is asking workers and businesses to declare whether they wrongly claimed emergency coronavirus support, with a question on the 2020-/21 self-assessment tax return asking taxpayers for information on “incorrectly claimed coronavirus support scheme payments”. The question refers to the Coronavirus Job Retention Scheme, the Self-Employment Income Support Scheme or “any other applicable HMRC coronavirus scheme”, such as bounce-back loans to businesses. HMRC said that many of those who made incorrect claims may have done so honestly, finding out later found that their earnings were better than expected. The Times’ David Byers says that those who declare wrongful claims will have to repay them in full, but adds that they are likely to be given the option to do so in instalments. Emma Rawson from the Association of Taxation Technicians urges people to report any kind of wrongful claim, even if they were made honestly.
The Times (15/05/2021)