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UPDATE re CJRS and calendar days/working days.
Previous position here https://twitter.com/hselftax/status/1252248435299889153">https://twitter.com/hselftax/...
Previous position here https://twitter.com/hselftax/status/1252248435299889153">https://twitter.com/hselftax/...
Briefly, I had reached the view that, where payrolls were run on a 260 day basis:
- apportioning on a 1/260 basis made sense & was consistent with direction
- but to be prudent, max grant should be restricted to HMRC daily rate (£80.65 for March)
- apportioning on a 1/260 basis made sense & was consistent with direction
- but to be prudent, max grant should be restricted to HMRC daily rate (£80.65 for March)
Views from others eg @rbeccabeneworth seemed consistent
https://twitter.com/rbeccabeneworth/status/1251937660895219720?s=21">https://twitter.com/rbeccaben... https://twitter.com/rbeccabeneworth/status/1251937660895219720">https://twitter.com/rbeccaben...
https://twitter.com/rbeccabeneworth/status/1251937660895219720?s=21">https://twitter.com/rbeccaben... https://twitter.com/rbeccabeneworth/status/1251937660895219720">https://twitter.com/rbeccaben...
But @ICAEW_Tax have just published their list of emerging issues (NB very useful and thanks @carolinemiskin and team) https://www.icaew.com/insights/tax-news/2020/apr-2020/cjrs-emerging-issues-and-answers">https://www.icaew.com/insights/...
And number 16 says:
“HMRC has confirmed that calendar days must be used”
“HMRC has confirmed that calendar days must be used”
So this seems to me to be a problem.
Apparently CCMs have been saying this to large companies too.
If you’ve not yet submitted claims you may want to think again - particularly for March claims.
Apparently CCMs have been saying this to large companies too.
If you’ve not yet submitted claims you may want to think again - particularly for March claims.
