Call our free confidential hotline
Hear from our Partner and Head of Share Plans and Employment Tax Caroline Harwood as she is joined by our employment tax specialists Andy Hamman and Nick Irvin, as well as our Tax Resolutions Partner, John Cassidy, to discuss the changes to the IR35 legislation from April 2021.
Since the introduction of the Coronavirus Job Retention Scheme, otherwise referred to as furlough, HMRC have been keeping a watchful eye on proceedings. In July they announced that they had made their first arrest in connection with coronavirus-related fraud, showing that they intend to act quickly to recover money incorrectly claimed or used.
Companies using the Coronavirus Job Retention Scheme will need to pay close attention to how they are recording information to ensure that they do not incur penalties, and are not committing furlough fraud.
Voluntary disclosure of unpaid or underpaid taxes will result in:
Prompted disclosures will usually carry higher penalties. It is important to seek professional advice, which will: