
Furlough fraud is where an employer deliberately made an excessive claim under the furlough
scheme.
There were numerous ways in which employers could commit furlough fraud, including the
following:
There is a genuine error correction time for 90 days.
HMRC’s annual report for 2020/21 estimates that £5.2 billion of the £60 billion paid out during that period was because of fraud or paid out in error.
The government has invested over £100 million in a HMRC Taxpayer Protection Taskforce, with
1,265 staff, to tackle the problem.
The first arrest for alleged furlough fraud was back in July 2020, involving a suspected £495,000 fraud.
HMRC will use its full range of civil powers, including compliance checks, and the Contractual
Disclosure Facility (CDF), for cases where HMRC suspect fraud but do not use their criminal
investigation powers, when investigating furlough claims.
The penalty can be up to 100% of the wrong claim, but the amount charged will depend on
the circumstances.
We are specialist in HMRC investigation and could help you if in case you are contacted by HMRC or you wish to make a Contractual Disclosure Facility.
If you need to file a tax return for the 2025/26 tax year, the self-assessment deadline is 31 January 2027....
The position is now much clearer. Retail access to certain crypto exchange-traded notes (crypto ETNs) in an IFISA was reopened...
Running a car rental company in the UK involves far more than simply handing over keys to customers. From navigating...
Companies House late filing penalties remain a significant concern for private companies, public companies, and LLPs across the UK. Missing...
Car garages face unique challenges when it comes to managing VAT efficiently, especially as the automotive sector continues to evolve....
Understanding VAT compliance can indeed be a tough challenge. Moreover, this is especially true with the varied challenges in different...
Holiday accommodation is vital to the Welsh rural economy. Yet the 2023 tax reforms introduced a steep 182‑day letting threshold...
Effective VAT Planning Strategies help businesses optimise their tax position, boost cash flow, and simplify VAT compliance. Below are some...
Understanding VAT for advertising design companies is essential for ensuring tax compliance and maximising your business’s financial efficiency. As a...
Plumbers spend their working days repairing leaks, clearing blocked drains and installing plumbing systems, leaving limited time for financial administration....