Reports of Furlough Fraud on the Rise

Reports to HMRC of possible furlough fraud have doubled in recent months.

The Furlough scheme has protected 11.4 million jobs, costing £57 billion of Chancellor Rishi Sunak’s total bailout plan of £352 billion. Reports of potential fraud on this and other COVID support schemes such as the ‘bounce’ back’ loan are referred by the Cabinet Office to the National Investigation Service.

HMRC stated that ‘fraudulent claims are unacceptable’ and are urging people to report any suspicious claims.

Folkes Worton – Accounting for the Future

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