With SMEs throughout the country struggling to grow and maximise profits, given the economic headwinds, fraud could be a major problem.
Three people have been arrested on the suspicion of attempting to defraud HM Revenue & Customs (HMRC) for a total of £1.4 million. Read More
Tax-related scams have almost doubled in the past 12 months, HM Revenue & Customs (HMRC) has revealed.
Tax investigators have opened nearly 13,000 probes into suspected fraud and other related breaches of the coronavirus support schemes.
The Bounce Back Loan Scheme (BBLs) which has been described as a ‘giant bonfire’ of taxpayers’ money by a senior banker, has seen fraud investigations rise by more than 50 per cent in some areas.
Employers have been warned that businesses abusing the furlough scheme will face action from fraud investigators.
Taxpayers should remain vigilant to tax scams “threatening arrest” following a surge in reports, HM Revenue & Customs (HMRC) has warned. Read More
Dubious investment schemes are resulting in a “huge number of claims” to the Solicitors Compensation Fund, it has been warned. Read More
Directors will need to verify that they are real people before they can act for a company, according to new proposals.