HMRC's Attention Continues to Focus on Furlough Fraud
The Coronavirus Job Retention Scheme (CJRS) has reportedly cost the Government £35.4 billion since it was launched earlier this year. HMRC has now confirmed it estimates 5-10% of that money (amounting to up to £3.5 billion) has been paid out incorrectly.
27,000 "high risk" claims are currently under review.
The CJRS has gone through several iterations since its inception, each with different Treasury Directions and guidance. The rules have not always been straightforward to follow; but there is an opportunity to correct errors that have been made. We have previously reported on the HMRC errors and penalties guides which sets out how mistakes can be rectified, both where the organisation continues to use the CJRS, and where no further claims are being made.