Written Questions are submitted by MPs or Lords to receive information from a Department.
|25 Sep 2020, 2:02 p.m.||Christopher Chope (Conservative - Christchurch)||Christopher Chope (Conservative - Christchurch)|
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, pursuant to the Answer of 21 September 2020 to Question 90033 on Coronavirus Job Retention Scheme, whether a business that repays a furlough grant to which it is entitled is liable for tax upon that grant notwithstanding its voluntary repayment.
Answered by Jesse Norman - Financial Secretary (HM Treasury)
A business that repays a furlough grant to which it is entitled is not liable for tax upon that grant. However, the employer will still need to record the grant in their forthcoming tax return.