In the year since the Chancellor, Rishi Sunak, delivered his first Budget to a packed Commons chamber in March 2020, more than 135,000 people in the UK have died from Coronavirus, there have been three national lockdowns, the economy has shrunk by 9.9 per cent and Coronavirus support measures have cost around £280 billion.
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.