Reporting Coronavirus Job Retention Scheme Grants (CJRS) on Corporation Tax Returns
The CT600 Corporation Tax return has been amended to include a requirement for companies to report CJRS grants (furlough payments) received and the amounts they were entitled to. There is also a requirement to disclose overpayments received under the Eat Out to Help Out scheme.
The updated form also requires companies to report any over-claimed amounts already repaid using the online service and the balance is still outstanding.
A further three boxes (471 to 473) have been added to the CT600 form as follows:
- Amounts your company received under CJRS in the accounting period covered by the return
- Amounts your company was entitled to receive in the accounting period covered by the return (likely to be the same figure as above)
- Any overpaid amounts received in the accounting which has already been assessed by HMRC.
Box 526 will then capture any overpayments due back to HMRC. This however is not included as part of the corporation tax liability and will instead be collected separately by HMRC.
Within the company accounts CJRS grants and other such grants that were issued due to Coronavirus should be disclosed under Government grants.
If you have any questions on CJRS grants received and reporting please contact our Business Services team.
