HMRC

In this episode, we are joined by Simon York, Director of HMRC's Fraud Investigation Service (FIS). Created only five years ago, FIS has already secured 3,700 criminal convictions for serious fraud and protected over £25 billion in assets.

https://www.rpc.co.uk/perspectives/tax-take/tax-fraud-the-rise-of-the-professional-enabler/

The ‘stick’ which tax experts warned HMRC would brandish to punish dodgy furlough claims within four years has been felt -- severely, and much more quickly for a Bradford duo.

https://www.contractoruk.com/news/0015053hmrc_arrests_bradford_duo_over_ps34million_furlough_fraud.html

Aman and a woman from West Yorkshire have been arrested as part of an HM Revenue and Customs investigation into a suspected £3.4m Coronavirus Job Retention Scheme (CJRS) fraud.

https://www.ftadviser.com/your-industry/2021/05/10/pair-arrested-over-suspected-3-4m-furlough-fraud/

HMRC’s fraud hotline received more than 91,000 calls during the first nine months of the pandemic, with concerns about furlough fraud likely to be behind many of the calls.

https://www.cityam.com/hmrcs-fraud-hotline-inundated-with-91000-calls-in-first-nine-months-of-pandemic/

A man and a woman from West Yorkshire have been arrested in connection with suspected £3.4m fraud under the Coronavirus Job Retention Scheme.

https://www.personneltoday.com/hr/two-arrests-in-west-yorkshire-over-suspected-3-4m-furlough-fraud/#.YJbMOdb_XeM.twitter

Mistakes happen in life and business. The important thing is that we act upon them – and try to make the error good, as soon as we realise.

Honesty is the best policy where furlough mistakes have been made - John Bett | The Scotsman

Certain large UK companies must appoint an individual to be their senior accounting officer (SAO) to ensure the company establishes and maintains appropriate tax accounting arrangements to allow tax liabilities to be calculated accurately in all material respects.

https://www.pinsentmasons.com/out-law/guides/senior-accounting-officer-sao

The devastating economic impact of the COVID-19 pandemic has led to unprecedented levels of government support aimed at keeping jobs intact and businesses afloat. Although the news is beginning to promise a path out of lockdown and a gradual return to some degree of normality, equally as prominent are reports of fraudulent abuse of the COVID-19 support schemes and the government’s planned response.

How immune are COVID-19 relief scheme fraudsters from law enforcement action? | Criminal Law Blog | Kingsley Napley

Bounce Back Loan Scheme (BBLS) fraud, where companies apply for multiple government-backed loans to get around lending caps, appears to be far less prominent than anticipated, data provider Equifax has said.

Covid loan scheme fraud risk lower than feared - FTAdviser.com

The UK government is investing significantly in enforcement and recovery it was announced in the budget.

https://www.pinsentmasons.com/out-law/news/uk-budget-2021-100m-investment-hmrc-tackle-covid19-fraud