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HMRC


Review Of Furlough Claims

In recent weeks, HMRC have been making it clear that they will be auditing furlough claims where they believe there has been an inaccuracy, whether deliberate or not. They believe between 5-10% of claims made contain some form of error. It is likely that there will be a large number of furlough claims across the […]

Read more September 22nd, 2020

Numerous Fraudulent CJRS Claims Identified

HMRC’s CJRS fraud reporting portal had received over 2,000 reports of wrongful claims.   Examples of such wrongful claims include; Claiming furlough payments for staff who are continuing to work Furloughing staff but asking them to work “voluntarily” on an unpaid basis. Claiming furlough payments for “ghost” employees, and those who left employment before 19 […]

Read more September 7th, 2020

High Income Child Benefit Charges Not Valid

A recent tax tribunal has ruled against HMRC who were seeking to raise tax assessments for the High Income Child Benefit Charge (HICBC) for earlier years that had not been reported to HMRC. HICBC is a special tax charge that applies where one member of a couple in receipt of child benefit receives income in […]

Read more August 10th, 2020

If You Have Claimed The Wrong Amount From CJRS

The government reminds employers that the 31 July is the last day that they can submit Coronavirus Job Retention Scheme (CJRS) claims for periods ending on or before 30 June. Employers can now submit claims for periods starting on or after 1 July. See: https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme If you have claimed too much or not enough from […]

Read more July 30th, 2020

CJRS – Individuals You Can Claim For Who Are Not Employees

The Government has issued further updates to the Coronavirus Job Retention Scheme (CJRS) regarding individuals you can claim for who are not employees. From 1st July “Flexible Furlough” was introduced and the calculations and time recording of full-time, part-time and fully furloughed employees has become more complicated. Changes are occurring regularly as the Government and […]

Read more July 15th, 2020

Eat Out To Help Out

HMRC has opened registrations for the Eat Out to Help Out Scheme from 13 July 2020. Restaurants and other establishments serving food for on-premises consumption can now sign up to a new government initiative aimed at protecting jobs in the hospitality industry and encouraging people to safely return to dining out. The Eat Out to […]

Read more July 14th, 2020

How To Treat Employee Expenses And Benefits Provided During Coronavirus

Find out about taxable expenses and benefits when they are paid to employees because of coronavirus and how to report them to HMRC. This guidance is about Income Tax treatment only. National Insurance contributions treatment may vary depending on the individual benefit or expense. See: https://www.gov.uk/guidance/how-to-treat-certain-expenses-and-benefits-provided-to-employees-during-coronavirus-covid-19 Please talk to us if you need clarification in […]

Read more June 11th, 2020

HMRC Changing Their Forms

HMRC is creating new versions of their forms that do not depend on Adobe Reader. Whilst this work is in progress the following methods can be used to make sure the form will download or open in Adobe Reader: whatever browser you use, review your settings to make Adobe Reader the default program for opening […]

Read more June 1st, 2020

PAYE Payment Deferral And Furloughed Employees Update

HMRC have now provided an update affecting those who are looking to defer PAYE payments through the Time To Pay system, but who also have furloughed employees. Basically, any PAYE which relates to furloughed employees is not eligible for the payment deferral. This will relate to payments of PAYE and Class 1 NIC due to […]

Read more May 26th, 2020

Check If You Can Claim A Grant Through SEISS

HMRC updated their guidance 4 May to outline the process for applying for the Self-Employment Income Support Scheme (SEISS). Full details: https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme The scheme will allow you to claim a taxable grant of 80% of your average monthly trading profits, paid out in a single instalment covering 3 months, and capped at £7,500 altogether. You […]

Read more May 7th, 2020

Opening A Government Gateway Account For SEISS

HMRC have issued some more details relating to the claims for the Self-Employed Income Support Scheme (SEISS). The latest guidance was issued on 1 May. Full details on the SEISS can be found on our article here. As with many HMRC “guidance notes” issued recently, these tend to be quite basic, and, unfortunately, leave many […]

Read more May 6th, 2020

HMRC Update Their Guidance On The SEISS Scheme

The following text is extracted from HMRC website regarding the Self-Employment Income Support Scheme (SEISS): Who can claim? You can claim if you are a self-employed individual or a member of a partnership and: you carry on a trade which has been adversely affected by coronavirus you traded in the tax year 2018 to 2019 […]

Read more May 6th, 2020

Covid-19: Personal Affairs Guide

This is a guide for families and individuals on how to financially survive or manage through the Pandemic. It is a tough time for many of us and the idea of this guide is to help people who may have reduced employment income and increased uncertainty about their future. The aim of this guide is […]

Read more May 4th, 2020

More Details On Self-Employed Grant Scheme

Like the CJRS scheme for employers the initial HMRC guidance on the grant scheme to support the self-employed and members in partnerships was also very sketchy. In outline the Self-Employed Income Support Scheme (SEISS) allows the self-employed to claim 80% of their average profits for the period up to 2018/19 limited to £2,500 a month, […]

Read more April 24th, 2020

Government Expands Loan Scheme For Large Businesses

Chancellor Rishi Sunak unveils the final details of the Coronavirus Large Business Interruption Loan Scheme. The Chancellor announced a UK government-backed loan scheme for large businesses affected by coronavirus has been expanded to cover all viable companies. The details are: All viable businesses with turnover of more than £45m will be able to apply for […]

Read more April 23rd, 2020