![]() ![]() Evidence that employees furloughed and in respect of whom claims were made, would have continued in employment if the pandemic had not happened.Financial forecasts which support the reasons for making the claim.The types of records which will be useful include: Two elderly residents treated after shed firesĪccording to Fiona, HMRC has received over 3,800 reports of fraudulent claims under CJRS which has supported 1.1 million employers and 9.4 million furloughed jobs.įiona advised that it is "a good time" for companies to ensure that they have detailed evidence which demonstrates why they considered they were entitled to receive the grants, and how the funds were deployed.Why there are so many flying ants around this weekend. ![]() She adds that the legislation has been drafted with a view to it being enacted as part of Finance Act 2020 which is expected to become law later in July. "Now is the time to ensure that claims under the CJRS are accurate."įiona went on to explain the government is proposing that the grants are taxable so that where the recipient should not have been entitled to the grant in the first place or has used the funds inappropriately, the full amount of the grant is subject to income tax at a rate of 100pc which she says will effectively clawback the entire amount of the grant.Īs this is retrospective it will apply to all grants made under the scheme. "Nobody who has received these grants should be complacent, the proposals for clawback are not confined to instances where the claim was fraudulent – it applies to cases where there has been a lack of proper care as well. She added: "The government now intends to claw back as much money as possible from those whose claims were wrong. Looking for today's top stories in one place? Sign up for our newsletter hereįiona Fernie, a tax dispute and resolution partner at the firm said: "HMRC has started investigations into companies and individuals that it believes have fraudulently made claims under the Coronavirus Job Retention Scheme (CJRS), which has paid out more than 27bn. Now, tax and advisory firm Blick Rothenberg has warned this could be the start of more action against alleged fraudulent claims. It comes after a man became the first person to be arrested in connection with an alleged £495,000 fraud involving the Coronavirus Job Retention Scheme.Ī spokesman for HMRC said a 57-year-old male from Solihull, West Midlands, was arrested on Wednesday (July 8) in connection with the allegations and added it was the first such arrest to happen, Manchester Evening News reports. A warning has been issued to businesses and individuals who have used the government's furlough scheme as HM Revenue and Customs (HMRC) begins to crack down on alleged fraudsters.
0 Comments
Leave a Reply. |