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Beware the flood!
Key points
- Businesses should review their furlough claims to ensure claims are accurate.
- Following issuing CJRS nudge letters there is an expectation that HMRC will focus on fraud investigations.
- Code of Practice 9 enquiries set to be opened into businesses HMRC suspects of CJRS fraud.
HMRC is continuing to ramp up its investment into countering wrong and/or fraudulent coronavirus job retention scheme (CJRS) claims meaning the UK business population should prepare to receive a flood of letters from HMRC as furlough draws to a close. HMRC’s focus appears to be shifting after 18 months of supporting businesses with CJRS to recouping tax revenue.
This shift comes as the government looks to recoup a suspected £7bn of fraudulent or erroneous CJRS claims. Having received funding of £100m from the government in the spring Budget HMRC has invested significant amounts into its taxpayer protection taskforce and is...
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