CJRS and BBLs are both back in the news today.
CJRS: https://www.gov.uk/guidance/pay-coronavirus-job-retention-scheme-grants-... - If you’ve not paid your employees enough:
For each claim period in which you’ve claimed the grant, you must have paid your employees the lower of either 80% of their wages for the hours they did not work, or a rate of £2,500 (or the equivalent where the claim period is not a month) for the hours they did not work.
If you did not pay your employees enough, you must either top up their wages to the required level, or pay the grant back.
If you intend to top up wages, you must do so within a ‘reasonable period’. This period is usually no later than:
* 31 January 2022 for payments received in the 2020 to 2021 tax year, for customers who file an Income Tax Self-Assessment return
* 31 January 2023 for payments received in the 2021 to 2022 tax year, for customers who file an Income Tax Self-Assessment return
* 12 months after the end of the relevant accounting period if you file a Company Tax return
If we contact you about an error in your claim, we’ll tell you by when this needs to be corrected. If errors are not corrected by the date we give you, you may need to repay the grant and pay a penalty.
BBLs: FT of 3rd Dec - Attempts to recoup fraudulent Covid loans are 'inadequate', says watchdog:
* HoC PAC says that government's efforts to prevent fraud in BBLs for small businesses are "inadequate"
* The NAO warned that BEIS had focused on organised crime's exploitation of the loan scheme, raising the risk that smaller fraudsters would escape unpunished
* Meg Hillier, chair of the HoC PAC said the NAO report showed that counter-fraud measures had been "too little, too late. It's now focussing on recovering money from organised crime, yet many of the smaller-scale fraudsters will have slipped through its fingers."
There's plenty more damning indictment of both the initial lack of care in 'handing out' monies and the resources/focus in getting back fraudulent claims ... but the overarching impression is that they are more interested in trying to gain a few newsworthy wins (by tackling foreign gangs) than in really chasing down the mere tens of thousands of ill-begotten 'bonuses' of £50k or employment support monies actually retained by the employer.
So there's a clear moral when/if there's a next time ... don't be too greedy and you'll be fine (after all everyone else is doing it)!