NewsBot
02-Oct-21, 01:53
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:
HMRC Set To Crackdown On Furlough Fraudsters
Businesses emerging from the Covid-induced cocoon of furlough payments used to retain their workforce since the pandemic struck are now facing the cold wind of scrutiny as HMRC gears up to claw back any cash that may have been handed over in error, writes Christine Rolland, forensic accounting director at Henderson Loggie. As the Coronavirus Job Retention Scheme grant payments come to an end this month, the message from the tax man is clear: volunteer information about any furlough claims that may have been wrongly submitted and repay the amount owed to the taxpayer, or face higher penalties, and possibly prison, if it's found out later that claims have been overstated or made fraudulently. [Read Full Article (https://caithness-business.co.uk/article/14802)]
HMRC Set To Crackdown On Furlough Fraudsters
Businesses emerging from the Covid-induced cocoon of furlough payments used to retain their workforce since the pandemic struck are now facing the cold wind of scrutiny as HMRC gears up to claw back any cash that may have been handed over in error, writes Christine Rolland, forensic accounting director at Henderson Loggie. As the Coronavirus Job Retention Scheme grant payments come to an end this month, the message from the tax man is clear: volunteer information about any furlough claims that may have been wrongly submitted and repay the amount owed to the taxpayer, or face higher penalties, and possibly prison, if it's found out later that claims have been overstated or made fraudulently. [Read Full Article (https://caithness-business.co.uk/article/14802)]