All unincorporated businesses, including sole traders, the self-employed and trading partnerships, will be taxed on…
HM Revenue & Customs (HMRC) is reportedly writing to 3,000 employers over claims they have made for grants from the Coronavirus Job Retention Scheme (CJRS).
The ICAEW Tax Faculty says that HMRC began issuing the letters at the end of August to businesses that are suspected of having claimed more than they were entitled to or grants for which they were not eligible.
The letters invite employers to contact HMRC following a review of their claims and provide an opportunity for repayments to be made without penalty.
It is thought that further employers will be contacted by HMRC in the future.
To date, 9.6 million jobs have been furloughed by 1.2 million employers at a cost of £35.4 billion.