If you have over claimed for the Coronavirus Job Retention Scheme?
HMRC is encouraging employers to pay all or some of the grant back or if you do not need the grant and want to make a voluntary repayment.
You can either:
- correct it in your next claim (your new claim will be reduced, and you will need to keep a record of the adjustment for six years)
- get a payment reference number and pay HMRC back within 30 days (only if you are not making another claim)
You must use the online service to get your payment reference number before you can pay HMRC back.
You should only do this if you are not making another claim.
Find out more here
Ellis & Co Chartered Accountants and Business Advisers, Chester & Wrexham - 01244 343504, email@example.com