UK Companies Return £215 Million of Government COVID-Relief Money

Companies in the UK have given back £215 million given by the government as part of COVID-19 relief…
UK companies

Companies in the UK have given back £215 million given by the government as part of COVID-19 relief fund. This money was either unused or was mistakenly given to these companies.

80,500 separate employers and some very large firms gave out this returned fund, according to data from the UK’s version of the IRS. The HMRC welcomed and appreciated employers who have returned the grants

Under the furlough scheme, a term that means the placing of an employee on leave for a smaller percentage of their total salary, the government gave out £35.4 billion ($45.2 billion) in total payments to businesses so far.

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HMRC welcomes those employers who have voluntarily returned CJRS grants to HMRC because they no longer need the grant, or have realized they’ve made errors and followed our guidance on putting things right.

HMRC

Property developers Redrow and Barratt-Taylor Wimpey have given back all the furlough money given by the government. Swedish furniture giant Ikea also returned the furlough money, saying they didn’t need it. Other firms like Games Workshop, the distribution giant Bunzl, and the Spectator magazine have also planned to do so.

Department stores such as Primark and John Lewis have also remarkably demonstrated civic support. Even supermarket chain Sainsburys has also done the same. These companies refused £1,000 bonus payments promised to be given to every employee that comes back and keeps employed through the holiday season.

To tackle the impact the pandemic had on people’s jobs, businesses and livelihoods, the government introduced one of the most generous and comprehensive packages of support in the world, including the Coronavirus Job Retention Scheme.

So far, the Coronavirus Job Retention Scheme has helped 1.2 million employers across the UK furlough 9.6 million jobs, protecting people’s livelihoods.

HMRC

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