Following press speculation that up to £3.5bn of Job Retentions Scheme (JRS) funds have been overclaimed, the pace of HMRC’s enforcement campaign has ramped up.
In this video, we highlight some of the key points employers need to be mindful of:
- Any claimant whose tax affairs fall within HMRC’s large business service will be contacted by their customer compliance manager by 18 September asking them to confirm compliance or disclose issues within a short timeframe.
- In addition, around 30,000 employers will be contacted where HMRC has identified issues with their claims either through information provided to the whistleblowing helpline or based on data analysis of claims compared with RTI records
- Employers that are contacted will be expected to disclose issues or confirm compliance.
- Employers reporting compliance directly to the helpline are being asked to follow up in writing.
- Depending on the response, there may be specific interventions from HMRC. If it is later discovered that employers responded incorrectly, they can expect to repay claims, receive penalties, and possibly be named and shamed
Our team of JRS specialists can advise on all aspects of the scheme and arrange to process your data through our calculator tool. This has been developed using a robust and fully documented methodology that you can then present to HMRC to support compliance.
Detailed practical guidance on preparing for a review is set out in our latest on-demand webinar and you can download our JRS audit roadmap.