Deadline looming for furlough error declaration

The Coronavirus Job Retention Scheme (CJRS) was launched in March to support thousands of businesses throughout lockdown, by allowing them to furlough staff to reduce costs and the risk of having to make redundancies.

According to figures released by HMRC 9.6 million employments, made by 1.16 million employers, have been furloughed through CJRS throughout the eligible period. Chancellor Rishi Sunak announced that the scheme will end on 31 October 2020.

Whilst the majority of businesses claimed the correct level of the grant they were entitled to, HMRC have announced that there have been payment claims wrongfully applied for, whether innocently or fraudulently.

HMRC have declared that applicants have until 20 October 2020 to amend CJRS claims, ahead of steps being taken to recover furlough grant payments that have been wrongly claimed. Any overpayments that meant businesses received more than they were entitled to, must be paid back.

If you have over claimed a grant and not repaid it, you must notify HMRC by the latest of either:

  • 90 days after the date you received the grant you were not entitled to
  • 90 days after the date you received the grant that you were no longer entitled to keep because your circumstances changed
  • or by the deadline of 20 October 2020

Even if you don't think you have made any errors with your claims, we recommend that you review all applications ahead of the deadline to ensure you do not risk any penalties. If you think you have made an error with your claim or would like support on amending your claim, then please get in touch with us today.

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