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Job retention scheme overpayments

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HMRC has added a note to its guidance Pay coronavirus job retention scheme grants back, specifically to cover how to offset overclaimed amounts for one employee against underclaimed amounts for another employee in the same claim period (including a new worked example). The guidance notes that overclaims from one claim period cannot be offset against underclaims from another claim period, and that any balancing overclaim after offsets for any period must be repaid to HMRC.

Issue: 1549
Categories: News