A director of a Middlesbrough telecoms company has been given a suspended sentence after fraudulently taking a £25,000 bounce back loan and then dissolving company the next day
An Essex-based duo have been disqualified for 16 years after falsely claiming £20,000 in bounce-back loans after exaggerating its turnover by more than seven times the actual amount
The dedicated covid fraud taskforce at HMRC has failed to meet targets set for fraud recovery while investigations are taking longer than expected to complete
Employers felt that the coronavirus job retention scheme (CJRS) was open to intentional misuse because of its necessary accessibility, finds HMRC research
HMRC has issued a detailed Q&A for businesses on how to deal with common errors in the calculation of Coronavirus Job Retention Scheme (CJRS) grants and which issues do not need to be corrected
As the number of furlough fraud whistleblowers approaches 14,000, HMRC is picking up the pace on pursuing businesses that fraudulently claimed furlough
HMRC has revised estimates of total losses to covid grants such as the furlough scheme putting the likely figure at £4.5bn, down from the original £5.8bn
The government has extended the recovery loan scheme for small businesses for a further two years but has added a requirement for a personal guarantee from borrowers
Regulators are cracking down on individuals who have abused Covid-related support schemes with 179 company directors banned by the Insolvency Service, but only one jailed