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Keeping up to date

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Employers using furlough funds to be publically named

Posted on: November 18th, 2020 by Ginny Hallam

If you furlough employees in December (and onwards) and claim under the CJRS, within three months of each extended claim period HMRC will publish your name and a ‘reasonable indication’ of the claim that you’ve made (there is no guidance at present as to what that will entail).

With most financial year ends rapidly approaching it’s likely HMRC are hoping for greater self-regulation of the use of furlough. Those employers about to report strong financial years may be thinking carefully about whether to claim furlough from December onwards if they want to avoid their name in lights.

 

This update is accurate on the date it was sent (18 November 2020), but may be subject to change which may or may not be notified to you. This update is not to be taken as advice and you should seek advice if anything contained within affects you or your business.