We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
CJRS, limited company sole director, self-furlough & continue working with the same client?
Comments
-
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).
https://www.gov.uk/government/consultations/draft-legislation-taxation-of-coronavirus-covid-19-support-payments
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.You keep using that word. I do not think it means what you think it means - Inigo Montoya, The Princess Bride0 -
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).
https://www.gov.uk/government/consultations/draft-legislation-taxation-of-coronavirus-covid-19-support-payments
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.
1 -
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).
https://www.gov.uk/government/consultations/draft-legislation-taxation-of-coronavirus-covid-19-support-payments
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.
You keep using that word. I do not think it means what you think it means - Inigo Montoya, The Princess Bride0 -
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).
https://www.gov.uk/government/consultations/draft-legislation-taxation-of-coronavirus-covid-19-support-payments
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.
0 -
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).0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.5K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards