22nd June 2021
HM Revenue & Customs (HMRC) has issued the following guidance to employers where they may have missed submitting a furloughing claim (under the Coronavirus Job Retention Scheme). MSI's London accounting member haysmacintyre provides further details.
HMRC may accept late claims if you have all of the following:
HMRC has provided the following examples of where a reasonable excuse may be in point and a late claim will be considered:
Where a claim deadline has been missed and the claimant has a reasonable excuse, then any late claim should be made via the HMRC portal.
HMRC has also announced that they expect to recover over £1bn of fraudulent or mistakenly claimed furlough payments over the next two years. Employers should review their claims to ensure they have not made any errors in the amounts claimed. For further guidance, please speak with a member of our employment tax team.
haysmacintyre are a full service, award winning mid-tier firm of Chartered Accountants and tax advisors in central London, providing advice to entrepreneurs, fast-growing and owner-managed businesses, charities and not for profit organisations across the UK and internationally.
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