HM Revenue & Customs will impose a new 100 percent tax charge to recover grants overpaid under coronavirus support schemes, under a measure to be added to the current finance bill.
A technical consultation on the draft legislation was published on May 29, as Chancellor of the Exchequer Rishi Sunak outlined changes to the coronavirus job retention scheme and the self-employment income support scheme. The consultation closes on June 12.
My news story for Tax Notes, June 2 (free to view):
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