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Overclaimed Furlough Grants and Fraud Penalties

Overclaimed Furlough Grants and Fraud Penalties Croner TaxWise have released the following notes regarding overclaimed furlough grants: The Government has explained that the following actions constitute an overclaimed furlough grant, and thus could lead to furlough fraud: any amount the employer was not entitled to receive; or any amount the employer is no longer entitled…

Self-Employment Income Support Scheme – Second Grant

Self-Employment Income Support Scheme – Second Grant HMRC’s second Self-Employment Income Support Scheme grant is opening for eligible people to claim. This week HMRC are writing to self-employed people who may be eligible. The scheme will open for claims on 17‌‌ August and customers have been given a date to make a claim. They can…

Help and Support for Businesses and Individuals – Update

Help and Support for Businesses and Individuals – Update The Chancellor has recently announced the introduction of some new measures to support business and individuals, together with some changes to the existing schemes in place.   Coronavirus Job Retention Scheme (CJRS) From 1‌‌‌ ‌July, you can claim a more flexible grant for any employee you…

Exemption for Reimbursed Home Office Equipment

Exemption for Reimbursed Home Office Equipment The government is introducing a year-long exemption that means employers will not have to pay tax or national insurance contributions (NIC) on reimbursement of staff expenses for home office equipment purchased to enable them to work from home during the COVID-19 crisis. In a written statement , Jesse Norman, The Financial…