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In The News
Article Date: 11 November 2020
HMRC, as advertised, released detailed information of the “extension to the extended CJRS” in time for the first claims to be made at 8am on 11 November 2020.
The documents published do not contain any “news” as such but they do set out the details along with examples for businesses to follow.
The link to each of the publications are noted below alongside relevant commentary.
Check if your employer can use the Coronavirus Job Retention Scheme
Check if you can claim for your employees' wages through the Coronavirus Job Retention Scheme
Unlike the previous CJRS where the number was restricted for claims made after 30 June 2020, there is no maximum number of employees you can claim for from 1 November 2020.
Check which employees you can put on furlough to use the Coronavirus Job Retention Scheme
If you made employees redundant, or they stopped working for you on or after 23 September 2020 you can re-employ them and put them on furlough.
See link - If you’ve made your employees redundant
You can now only claim within fourteen days/two weeks of the end of the month of the claim.
If you realise you have not claimed enough, you can now only increase your claim within 28 calendar days of the end of the month of the claim.
Individuals you can claim for who are not employees
Section 3 acknowledges that the employer might need to pay any annually paid employees earlier than usual for any time they are on furlough
See link - Company directors with an annual pay period
Steps to take before calculating your claim using the Coronavirus Job Retention Scheme
Calculate how much you can claim using the Coronavirus Job Retention Scheme
Claim for wages through the Coronavirus Job Retention Scheme
Reporting employees' wages to HMRC when you've claimed through the Coronavirus Job Retention Scheme
Pay Coronavirus Job Retention Scheme grants back
Comment
This is a full suite of updates and guidelines containing many examples and explanations of a very complicated arrangement.
Whilst it is undoubtedly considerable in size and detail, the information is no less new to you than to HMRC officials who are trying to grapple with its implementation and its regulatory control in order to prevent erroneous and even fraudulent claims.
It is therefore no surprise to hear and read about employers being reminded about the need to validate claims and to ensure that where errors are made adjustments are quickly reversed.
At some point in time in the future, HMRC will review employer CJRS claims in detail and try where possible to recover funds that have been claimed incorrectly. We are already aware of many simple errors which employers make which impact upon both over and under claims and these tend to fall into similar patterns.
Whilst the maintenance of the dealership and the underlying business is an absolute priority for all business owners, we do invite clients and non-clients alike to contact ASE to talk through and where required offer an overview of how claims have been made so far.
To date, Martin Redfern has spoken to many businesses in his role as ASE Tax Manager and has been the source of considerable assurance to businesses in these difficult times. Martin specialises in PAYE review and his experience and knowledge is of considerable value to ASE and our clients at present.
If you need any further details please contact us by email at martin.redfern@ase-global.com.
Or visit our LinkedIn page for more info:https://www.linkedin.com/company/ase-plc/
