Press Release of the Day – 13th July

First arrest on furlough fraud – BDO comments

Following the news that an individual has been arrested on suspicion of £495,000 furlough fraud, Richard Morley, partner in Tax Dispute Resolution at BDO comments:

“It has recently been reported that HMRC has raided premises and arrested someone on suspicion of CJRS (furlough) scheme fraud. This is the first such case relating to the suspected fraudulent misuse of the furlough scheme.

“This underlines just how serious HMRC is on challenging the misuse of the Covid19 support schemes, making use of the tip offs it has already received and other information it holds.

“The Finance Bill which after receiving Royal Assent later this month, will trigger the start of the 90 day period for businesses to notify HMRC that they received furlough scheme payments which they were not entitled to receive or retain. Given that HMRC has clearly started to actively follow up on tip-off’s and potentially incorrect claims, instead of waiting for the start of the 90 day notification period, businesses and individuals should start reviewing their furlough claims now.”

– Ends –

Join our mailing list to receive Tomorrow’s Business every Monday to Thursday and learn which companies and business news topics will be making the headlines over the coming week.

  • We will use the personal details you share with us to provide you with the information you’ve requested, this will include the use of Cookies to enable us to share offers of other products or services we provide and which we feel may be of interest to you. We will not share this information with any third parties. Please read our Privacy Policy to see how we protect and manage your personal data.