With over £129bn being paid to businesses and individuals through Covid grants and allowances through the pandemic, HMRC are estimating that £5.8bn was claimed in error or fraudulently.
Given this, HMRC has been and continues to scrutinise and investigate Covid support scheme pay-outs.
A taskforce was set up in March 2021 with the aim of recovering funds from claims made deceitfully or due to mistakes or misunderstandings.
£536m was recovered during the period 20-21 and a further £1bn is expected to be recovered through to 2023.
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If your business is growing, then you may need to access some sort of finance product to facilitate your growth. With so many products available, it can be bewildering. How do you work out how much you need, for how long and which product/or products are right for you?
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Company Year End
The legal and compliance burden put on businesses through the need to submit tax returns and other such documents to strict deadlines is often one of the most stressful elements of running a business.
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