Coronavirus Job Retention Scheme guidance

HMRC shares questions and answers on common errors in the calculation of CJRS grants


HMRC has shared some questions and answers in relation to common errors they have found in the calculations of CJRS grants made by eligible employers. These provide an indication on HMRC’s approach to calculations of grants using a different method to that set out in HMRC guidance.

As members will be aware, they are required to bear in mind their ethical obligations when dealing with clients’ claims and tax returns.

ACCA has issued guidance in the form of various factsheets that will assist members in fulfilling these obligations, in both tax and accounting terms. Where completing the tax returns forms CT600 for their company employer clients or dealing with penalties, members should refer to updated guidance from HMRC.