Correcting errors while claiming furlough support
- 21st August 2020
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For many business owners, accessing funds via government support schemes has proved to be a lifeline to protect their employees and prevent insolvency.
Despite the ongoing crisis, it is important that employers take the necessary steps to correct any errors they may have made while claiming furlough support or risk facing costly penalties.
The Coronavirus Job Retention Scheme (CJRS) is a temporary scheme designed to support employers whose businesses have been adversely affected by the COVID-19 pandemic. The scheme has protected the jobs of millions of workers, with the UK Government paying 80% of their salary, but the scheme/payment amounts are being wound down from August and stopped altogether at the end of October.
If you’ve overclaimed a grant and have not repaid it, you must notify HMRC by the latest of either:
- 90 days after the date you received the grant you were not entitled to;
- 90 days after the date you received the grant that you were no longer entitled to keep because your circumstances changed;
- or Tuesday 20th October 2020.
For more about claiming furlough support, please read the full press release.
We can assist you in any employment matters including issues relating to the Coronavirus Job Retention Scheme. Please contact Karl Thomas, Partner and Head of Employment and Dispute Resolution at Loosemores Solicitors via ThomasK@loosemores.co.uk or call 029 2080 3112.