The Job Retention Scheme has been a lifeline for UK businesses, but HMRC have now published their clawback powers and are likely to use them to shift their focus from keeping businesses afloat to reducing the public debt.
With IKEA, Games Workshop and Bunzl voluntarily repaying their JRS claims due to better than anticipated financial performance during lockdown, is this an opportunity to enhance your employer brand? As organisations transition from furlough to redundancy over the next few months, how can you avoid unwittingly committing furlough fraud and mitigate the risk of clawback?
TALiNT Partners invites you to an interactive webinar with Ian Hyde, head of Osborne Clarke’s tax dispute practice, for an update on HMRC’s furlough clawback and fraud investigation plans. Ian has 30 years experience across a range of tax issues, specialising in managing tax risk and tax disputes. Ian also sits as a part time judge in the Tax Tribunal.
Ian will be joined by Kim Collins, Head of Recruitment at Lloyds Bank plc, for insights on how to maximise profitability and working capital plus an update on government lending schemes, options available and deadlines.
Join us for insight into how clawback will work in practice, when HMRC will begin their investigations and what businesses can do now to mitigate the risks associated with JRS and manage cashflow.