The Coronavirus Job Retention Scheme is costing the UK government an estimated £14billion a month and it is therefore little surprise that legislation will shortly be passed to allow HMRC to claw back funds from employers who have wrongly claimed under the Scheme.
Given the way in which the rules and guidance have evolved and the complexity of the calculation rules, in our experience errors have been quite common. There is likely to be a limited period of time after the clawback legislation is passed in which employers can correct any errors and amend their claims with HMRC without penalty. It is therefore sensible to be proactive and address any potential miscalculations through an audit before HMRC comes knocking.
Find out more about our fixed fee Furlough Audit Service and how you can benefit.