HMRC have issued new guidance for employers on how to repay grant money.
If you’ve claimed too much through the Coronavirus Job Retention Scheme, or you’d like to make a voluntary repayment because you do not want or need the grant to pay your employees’ wages, tax and National Insurance and pension contributions, you can either:
- correct it in your next claim(your new claim will be reduced and you’ll need to keep a record of the adjustment for 6 years)
- get a payment reference number and pay HMRC back within 30 days (only if you’re not making another claim)
How to pay
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’re not making another claim.
PAYadvice.UK 18/9/2020 updated 21/9/2020
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