Coronavirus support scheme under and overpayments

HMRC has issued a new compliance checks series factsheet on penalties for overclaimed coronavirus job retention scheme grants. CC/FS48 Coronavirus Job Retention Scheme: receiving grants you were not entitled to covers the 90-day period for notifications of overpayment, HMRC assessments to recover (up to 100%) of the grant, and interest and penalties. Penalties for failure to notify HMRC of a liability to income tax on an overclaimed CJRS grant will take into account taxpayer behaviour, with the maximum charged where the failure was deliberate and concealed. HMRC has also published new guidance If you've claimed too much or not enough from the coronavirus job retention scheme.

For the self-employment income support scheme, CC/FS47 Self-employment income support scheme: receiving grants you were not entitled to covers the equivalent points around assessments and interest and penalties.