Tag Archive: CJRS

Don’t forget to declare your Covid-19 payments!

Posted 7th November 2022 at 1:31 pm

Covid-19

HMRC is reminding taxpayers that they must declare COVID-19 payments in their tax returns for the 2021 to 2022 tax year.   Self Assessment Tax Returns: More than 2.9 million people claimed at least one Self-Employment Income Support Scheme (SEISS) payment up to 5 April 2022. These grants are taxable and should be declared on tax returns for the 2021 to 2022 tax year before the deadline on 31 January 2023. The SEISS application and payment windows during the 2021 to 2022 tax year were: SEISS Four: 22 April 2021 to 1 June 2021 SEISS Five: 29 July 2021 to... Read more

CJRS: The final phase

Posted 17th May 2021 at 6:50 pm

CJRS

Launched at the start of the Covid-19 pandemic, the Coronavirus Job Retention Scheme (CJRS) has been an instrumental part of the government’s strategy to protect businesses and jobs during this challenging period. There have been some alterations to the CJRS along the way, and the scheme now provides furloughed and flexibly furloughed employees with grants equal to 80% of their ‘usual’ pay for their unworked hours.   The final phase of the CJRS runs from 1 May 2021 to 30 September 2021. To benefit from a grant in the final phase of the scheme, a claim does not have to... Read more

Furlough Fraud – Staying on the right side of the law

Posted 11th November 2020 at 8:27 am

furlough fraud

In response to an increase in the number of fraudulent claims against the Coronavirus Job Retention Scheme (furlough) in recent months, HMRC have published the potential penalties for employers that commit furlough fraud. Based on HMRC data, the furlough scheme has supported 9,600,000 employees, however around 27,000 employers are thought to have overclaimed by mistake and are being contacted by HMRC so that they can rectify any errors. In cases where furlough fraud was deemed to be deliberate, arrests have been made, including one individual and 8 accomplices from the West Midlands suspected of defrauding £459,000 from the scheme.  ... Read more