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Review and record
Key points
- Businesses need to check their furlough claims.
- HMRC has issued about 30 000 nudge letters to prompt disclosures.
- Problems in claims include employee eligibility pension calculation and reference pay.
- Reputational damage of being associated with an inaccurate or false claim.
The investment into the taxpayer protection taskforce of 1 265 compliance officers and funding of £100m announced in the spring Budget on 3 March show how HMRC is ramping up its investigations into possible fraudulent or incorrect coronavirus job retention scheme (CJRS) claims. With investigations building momentum it is critical that businesses check their claims for potential errors and gather the evidence that demonstrates the financial context and internal discussions around their furlough application.
Our recent survey of 605 mid-sized companies found that of those who have made use of the CJRS almost one in five (16%) have still not reviewed their claims...
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