TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

COVID-19: save and return option added to job retention scheme claims

In an update received last month HMRC confirmed that a new ‘save and return’ option has been added to the online portal job retention scheme portal meaning you can now return to a partially completed claim, rather than having to do it all in one go. Read the full update from HMRC below.

“I’m writing to share the latest information about the Coronavirus Job Retention Scheme with you, including updates to guidance and the online service based on your feedback, and how to avoid common mistakes that can lead to a wrong or delayed payment.

Save and return option now added

In response to feedback from customers using the service, we’ve added a ‘save and return’ option. This means that you can now return to a partially completed claim, rather than having to do it all in one go.

Avoiding common mistakes

When you make a claim through the Coronavirus Job Retention Scheme, you will receive the funds within six working days after you apply, provided your claim matches records that we hold for your PAYE scheme. Making sure that you submit your claim correctly will reduce the chance of any delayed or wrong payments.

These steps should help keep the process as simple as possible:

We understand that sometimes you might make an error in your claim, and we’re working on a process to enable you to amend a claim. In the meantime, please don’t amend your next claim to reflect any errors that you may have made in a previous one, as this could delay payment. If we spot an error then, where possible, we’ll contact you or your agent to correct the claim.

After you make a claim – reporting employees’ wages to HMRC

If you’ve claimed a grant through the Coronavirus Job Retention Scheme, you should check if you need to report payments on the PAYE Real Time Information system. This will depend on whether you are using the grant to pay wages or to reimburse wages that you’ve already paid. To find guidance on this, go to GOV‌.UK and search for ‘report wages Coronavirus Job Retention Scheme’.”