HMRC reveals new estimate for Covid fraud recovery

HMRC reveals new estimate for Covid fraud recovery

Three-quarters of Covid support claimed in fraud and error won’t be collected HMRC has revealed that they expect to recover just 25% of a total £5.8bn paid out due to fraud and error in relation to the coronavirus support schemes. 1HMRC responses to inaccurate claims,...
Furlough fraud to cost up to £7bn – with no civil penalties issued yet

Fraud and the Coronavirus Job Retention Scheme

12th May 2021 Download PDF Furlough fraud and error set to cost between £3.5bn and £7bn 5 known arrests for fraud so far concerning £5m in fraud No civil penalties have yet been issued for furlough fraud More investment required to tackle the scale of the problem...