Economics
Wrongful Claims for U.K. Furlough Cash Could Total $4.6 Billion
- Tax chief says fraud and error estimated at between 5% and 10%
- Harra says meal subsidy plan helped show restaurants are safe
This article is for subscribers only.
The U.K.’s tax authority estimates that companies have submitted as much as 3.5 billion pounds ($4.6 billion) of fraudulent or mistaken claims for furlough cash.
The revelation was made on Monday in testimony to the House of Commons Public Accounts Committee by Jim Harra, chief executive of Her Majesty’s Revenue and Customs.