Connect with us

Hi, what are you looking for?

Investing

Bradford couple arrested over £3.4m job scheme fraud

HMRC

Two people have been arrested over a suspected £3.4m furlough scheme fraud.

The man, 35, and woman, 36, from Bradford, were also interviewed in relation to a suspected multi-million-pound tax fraud, officials said.

More than £6m held in bank accounts controlled by the pair has been frozen by HM Revenue and Customs (HMRC).

Both were held on suspicion of cheating the public revenue, VAT evasion and money laundering. They have since have been released under investigation.

The Coronavirus Job Retention Scheme (CJRS), commonly called the furlough scheme, was launched in March 2020, at the start of the coronavirus crisis, to minimise unemployment.

It covers up to 80% of an employee’s salary for the hours they cannot work, up to a maximum of £2,500 per month.

Janet Alexander, director of the HMRC’s Taxpayer Protection Taskforce, said the vast majority of employers had used the scheme responsibly.

However, she said: “We will not hesitate to act on reports of abuse of the scheme or any HMRC-administered Covid-19 support packages.”

She said anyone concerned their employer may be abusing the scheme should report it.

In March, the government announced it would invest £100m in a Taxpayer Protection Taskforce to combat fraud linked to Covid-19 support measures.

More than £61bn has been claimed through the CJRS, supporting 1.3 million employers and 11.5 million furloughed jobs.

Read more:
Bradford couple arrested over £3.4m job scheme fraud

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

Loxon Philippines, Inc. (LPI), one of the country’s leading specialty engineering contractors of fully integrated building management systems for the protection of life and...

Economy

MORE than half of students in the Philippines consider temporarily dropping out of school until the coronavirus pandemic ends mainly due to difficulties in...

Economy

The Public Works department has ramped up the completion of projects such as the Sta. Monica-Lawton Bridge also known as the Kalayaan Bridge. —...

Economy

THE BUREAU of the Treasury (BTr) raised its planned borrowings from the local market to P235 billion in July, as it seeks to offer...

Economy

By Jenina P. Ibañez, Reporter MANILA is the 78th most expensive city for expatriates to live in according to Mercer’s 2021 Cost of Living...

You May Also Like

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Investing

As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

Economy

US President Joseph R. Biden, Jr., will rely on ally countries to supply the bulk of the metals needed to build electric vehicles and focus on...

Economy

THE Securities and Exchange Commission (SEC) has warned the public from investing or to stop any investment in a group named Maxxprofit Computer Trading...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.



Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!