CJRS, limited company sole director, self-furlough & continue working with the same client?

unholyangel

Jeremy535897 said:

unholyangel said:

Potbellypig said:

OP - I'm in the same one man Ltd company position and believe me when I say that there are a lot of people claiming furlough and still working. A lot of it is easily hidden. How HMRC are going to look through this in the next 12 months or so is anyones guess. If I was guessing then I'd say a % will get audited and the rest will be given the benefit of the doubt, much like accounts are done now. Rishi is going to take the bottom out of this game come next April anyway (if he hsn't with IR35 already).

Where does 12 months come from? If you think that's how long they have to investigate, you're sorely mistaken. Try 240 months from the tax year end.

There is draft legislation available for comment on collecting tax on SEISS and CJRS:
https://www.gov.uk/government/consultations/draft-legislation-taxation-of-coronavirus-covid-19-support-payments

I can't see any mention of 12 months though. 

Just that making it subject to taxation will make it fall within HMRC's remit for recovering fraudulent claims. Which would make it subject to the ordinary time limits. 

Jeremy535897

unholyangel said:

Jeremy535897 said:

unholyangel said:

Potbellypig said:

OP - I'm in the same one man Ltd company position and believe me when I say that there are a lot of people claiming furlough and still working. A lot of it is easily hidden. How HMRC are going to look through this in the next 12 months or so is anyones guess. If I was guessing then I'd say a % will get audited and the rest will be given the benefit of the doubt, much like accounts are done now. Rishi is going to take the bottom out of this game come next April anyway (if he hsn't with IR35 already).

Where does 12 months come from? If you think that's how long they have to investigate, you're sorely mistaken. Try 240 months from the tax year end.

There is draft legislation available for comment on collecting tax on SEISS and CJRS:
https://www.gov.uk/government/consultations/draft-legislation-taxation-of-coronavirus-covid-19-support-payments

I can't see any mention of 12 months though. 

Just that making it subject to taxation will make it fall within HMRC's remit for recovering fraudulent claims. Which would make it subject to the ordinary time limits. 

I agree. That was a statement by another poster.
 

unholyangel

Jeremy535897 said:

unholyangel said:

Jeremy535897 said:

unholyangel said:

Potbellypig said:

OP - I'm in the same one man Ltd company position and believe me when I say that there are a lot of people claiming furlough and still working. A lot of it is easily hidden. How HMRC are going to look through this in the next 12 months or so is anyones guess. If I was guessing then I'd say a % will get audited and the rest will be given the benefit of the doubt, much like accounts are done now. Rishi is going to take the bottom out of this game come next April anyway (if he hsn't with IR35 already).

Where does 12 months come from? If you think that's how long they have to investigate, you're sorely mistaken. Try 240 months from the tax year end.

There is draft legislation available for comment on collecting tax on SEISS and CJRS:
https://www.gov.uk/government/consultations/draft-legislation-taxation-of-coronavirus-covid-19-support-payments

I can't see any mention of 12 months though. 

Just that making it subject to taxation will make it fall within HMRC's remit for recovering fraudulent claims. Which would make it subject to the ordinary time limits. 

I agree. That was a statement by another poster.
 

Ah okay, thanks. It was just you were responding to my comment querying the 12 months so....naturally assumed it was supposed to be in relation to that rather than unconnected to my comment. 

Jeremy535897

unholyangel said:

Jeremy535897 said:

unholyangel said:

Jeremy535897 said:

unholyangel said:

Potbellypig said:

OP - I'm in the same one man Ltd company position and believe me when I say that there are a lot of people claiming furlough and still working. A lot of it is easily hidden. How HMRC are going to look through this in the next 12 months or so is anyones guess. If I was guessing then I'd say a % will get audited and the rest will be given the benefit of the doubt, much like accounts are done now. Rishi is going to take the bottom out of this game come next April anyway (if he hsn't with IR35 already).

Where does 12 months come from? If you think that's how long they have to investigate, you're sorely mistaken. Try 240 months from the tax year end.

There is draft legislation available for comment on collecting tax on SEISS and CJRS:
https://www.gov.uk/government/consultations/draft-legislation-taxation-of-coronavirus-covid-19-support-payments

I can't see any mention of 12 months though. 

Just that making it subject to taxation will make it fall within HMRC's remit for recovering fraudulent claims. Which would make it subject to the ordinary time limits. 

I agree. That was a statement by another poster.
 

Ah okay, thanks. It was just you were responding to my comment querying the 12 months so....naturally assumed it was supposed to be in relation to that rather than unconnected to my comment. 

Sorry for any confusion.

Potbellypig

unholyangel said:

Potbellypig said:

OP - I'm in the same one man Ltd company position and believe me when I say that there are a lot of people claiming furlough and still working. A lot of it is easily hidden. How HMRC are going to look through this in the next 12 months or so is anyones guess. If I was guessing then I'd say a % will get audited and the rest will be given the benefit of the doubt, much like accounts are done now. Rishi is going to take the bottom out of this game come next April anyway (if he hsn't with IR35 already).

Where does 12 months come from? If you think that's how long they have to investigate, you're sorely mistaken. Try 240 months from the tax year end.

Calm down big boy, it's just an opinion on a forum.