By Alisha Houlihan for AMLi
The House of Commons public accounts committee have criticised HM Revenue & Customs (HMRC) “unambitious” effort to recover an estimated £5.8BN (€6.9BN) improperly paid out to businesses through the pandemic support schemes, in a report published on Friday.
The UK tax authority has been accused by Members of Parliament (MP), for not doing enough to recover billions of pounds lost through fraud in state-sponsored support packages and warned it risks being considered “soft on fraud”.
Subscribe now to have unlimited access
With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!
