Treasury issues third direction on the CJRS

The Treasury has issued a third direction on the coronavirus job retention scheme (CJRS) reflecting the extension of the scheme to 31 October and the changes to its terms from 1 July.

In addition HMRC has updated its guidance confirming that claims can be submitted for periods starting from 1 July. It also provides more information on what to do when an amount is overclaimed. The employer should tell HMRC when they next claim so they can repay it by adjusting the amount to take account of a previous error. The new claim amount will be reduced to reflect this. The employer should keep a record of this adjustment for six years. If no further claims are planned the employer should inform HMRC so it can tell them how to repay the money.

Information has also been added to state that when a claim...