Help with Tax investigations – JRS investigations

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JRS there to protect jobs and not to feather employers’ nests! reported that one business that has already decided to hand back furlough cash is magazine The Spectator. It’s chairman, the broadcaster Andrew Neil, said that while the organisation had “availed itself of government funds to furlough some of its staff during the Covid crisis” the impact had not been “as bad as I feared”.

Mr Neil added: “We remain a profitable and growing company, now with strengthening cash flow. For that reason, we will return to the taxpayer the funds we took from government to finance our furlough scheme and withdraw from that scheme forthwith.”

The spokesman for HMRC added: “The Coronavirus Job Retention Scheme is part of the collective national effort to protect jobs. This is taxpayer’s money and fraudulent claims limit our ability to support people and deprive public services of essential funding.

“We are prioritising work to support our customers, while tackling serious fraud and criminal attacks, and will not seek out cases of innocent error or small mistakes for compliance action.

A penalty would only apply in cases of deliberate non-compliance.”

Beware ‘Deliberate’ is not difficult to prove for HMRC so keep other necessary records !


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