Love Northallerton Business Award Winners - Profession Services Business of the Year

Tel No: 01609 778602
Email: [email protected]

Accounting News - July 2021

HMRC launches 13,000 investigations into COVID-19 support schemes

Accounting News - July 2021

HMRC launches 13,000 investigations into COVID-19 support schemes

HMRC has launched nearly 13,000 investigations into alleged abuse of the government's coronavirus (COVID-19) financial support schemes.

A freedom of information request revealed that, up to the end of March 2021, HMRC opened 12,828 investigations into alleged cases of fraud. 7,384 of these investigations related to abuse of the COVID-19 support schemes.

5,020 investigations were launched into the alleged misuse of the Self-employment Income Support Scheme (SEISS).

Commenting on the matter, a spokesperson for HMRC said:

'It is vital we support businesses to recover by ensuring a level playing field, so the majority are not undercut by the few who tried to cheat the system.

'We are taking tough action to tackle fraudulent behaviour. We have now opened more than 12,000 inquiries into claimants we suspect may have kept more than they were entitled to. We have also begun a handful of criminal investigations.'

Internet link: CityAM news


Cloud Bookkeeping software we support

Xero Accounting Silver Partner
Sage Accounting Club
Farmplan
Intuit Quickbooks Platinum Partner
Farmplan

We are certified in

Xero Advisor Certified
Sage Certified Expert in Accounting
Intuit Quickbooks Certified ProAdvisor Online
Intuit Quickbooks Certified ProAdvisor Online
Intuit Quickbooks Making Tax Digital ready