HMRC has issued guidance (new factsheet CC/FS11a) on the penalties that it can charge where overpayments made under the coronavirus support schemes have not been notified. These cover the CJRS, the SEISS and the eat out to help out scheme. Notification periods are generally 90 days after the payment was received. Penalties are based on potential lost revenue multiplied by the penalty percentage rate (with the penalty range based on quality of disclosure).
HMRC has issued guidance (new factsheet CC/FS11a) on the penalties that it can charge where overpayments made under the coronavirus support schemes have not been notified. These cover the CJRS, the SEISS and the eat out to help out scheme. Notification periods are generally 90 days after the payment was received. Penalties are based on potential lost revenue multiplied by the penalty percentage rate (with the penalty range based on quality of disclosure).
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