TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Job retention scheme latest

HMRC’s CJRS guidance has been updated since last month.

The updates are set out as follows:

Page title

Change

All pages

A notification that the rules are changing again from 1 September added into the call out box for each page

If you’ve claimed too much/ not enough

Adjustment to wording around when you need to pay grant money back to HMRC to emphasise employers must do this if they are unable to or aren’t planning to use the money to pay their employees’ wages, tax and National Insurance and pension contributions

Pay Coronavirus Job Retention Scheme grants back

Adjustment to wording around when you need to pay grant money back to HMRC to emphasise employers must do this if they are unable to or aren’t planning to use the money to pay their employees’ wages, tax and National Insurance and pension contributions

HMRC has also updated its guidance on how to perform “usual hours” calculations where employees come off furlough/flexible furlough during a claim period. The guidance stresses that this change only affects claims from 14 September.

HMRC also sent the following update

“Fraudulent claims

We have started to investigate CJRS claims where fraud is suspected. We will be paying particular attention to claims that differ from the PAYE data we hold, and where we have received reports of fraud. Employees are encouraged to report their employer if they have reason to believe that they are abusing the scheme. They can do this anonymously if they prefer. For more information go to GOV.UK and search ‘report fraud to HMRC’

Further support

Guidance and live webinars offering you more support on changes to the scheme and how they impact you or your clients are available to book online – go to GOV.UK and search ‘help and support if your business is affected by coronavirus’.

Our phone lines and webchat are still very busy, so the quickest way to find the support you may need is on GOV.UK. This will leave our phone lines and webchat service open for those who need them most.

Protect yourself from scams

Stay vigilant about scams, which may mimic government messages as a way of appearing authentic and unthreatening. Search ‘scams’ on GOV.UK for information on how to recognise genuine HMRC contact. You can also forward suspicious emails claiming to be from HMRC to phishing@hmrc.gov.uk and texts to 60599.”