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Around 2,300 tax compliance staff – nearly a tenth of that workforce – were redeployed in 2021-22.
https://www.expressandstar.com/news/uk-news/2023/01/16/billions-in-tax-lost-as-hmrc-staff-transferred-to-brexit-and-covid-fraud/
A briefing paper on landfill tax fraud published on Friday (6 January) has highlighted a ‘tax gap’ of £125 million, as MPs prepare to debate the issue this week.
https://www.letsrecycle.com/news/scale-of-landfill-tax-gap-highlighted-as-mps-to-debate-fraud/
Two people in the West Midlands were arrested over fraudulent Covid loans totalling £1.8m. Police raided undisclosed addresses in connection with money laundering offences and multiple fraudulent ‘Bounce Back Loan’ applications.
https://www.msn.com/en-gb/news/newsbirmingham/almost-%C2%A32m-in-cash-and-jewellery-seized-in-covid-loan-fraud-raids-in-west-midlands/ar-AA16gohe
Commons committee says HMRC is missing 5% of the tax it is owed each year.
https://www.huffingtonpost.co.uk/entry/taxman-has-failed-to-collect-an-eye-watering-ps42bn-say-mps_uk_63bd4805e4b0cbfd55ec6cc1
Darren Baker abused Bounce Back Loan scheme by taking £50,000 loan for his charity that it was not eligible for.
https://www.gov.uk/government/news/coventry-artist-hit-with-7-year-ban-for-abusing-bounce-back-loan
The Financial Conduct Authority received 10 reports or complaints about furlough fraud regarding advice firms in the period up to October 2022.
https://www.ftadviser.com/fca/2023/01/06/fca-receives-10-potential-furlough-fraud-claims-against-advice-firms/
With HMRC more focused than ever before on recovering taxes due, we look at the most common ways in which HMRC can transfer the liability of taxes due and/or penalties to Company Officers and making them personally liable.
https://dwfgroup.com/en/news-and-insights/insights/2023/1/how-hmrc-penetrate-the-corporate-shield-and-hold-company-officers-personally-liable
The Autumn Statement revealed that the government will spend an additional £79m to fight tax fraud in the next five years, as HMRC is promised greater resources to tackle the tax gap.
https://www.cityam.com/government-to-spend-tens-of-millions-more-to-crack-down-hard-on-tax-fraud/
A gang is suspected of being behind multi-million pound global fraud using sophisticated software to hide till sales
https://www.coventrytelegraph.net/news/local-news/local-man-linked-multi-million-25725143
Two East Midlands businessmen have been banned from acting as directors after being found to have fraudulently taken out Covid Bounce Back loans
https://www.business-live.co.uk/retail-consumer/east-midlands-businessmen-banned-after-25706246?utm_source=twitter.com&utm_medium=social&utm_campaign=sharebar
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