RE: UK business loans written off by banks almost double to £356m as insolvencies quadruple17 May 2022 06:41
Government taking charge of fraud as it’s their liability.
How is the Government getting money that was lost back?
We have set up the £100m Taxpayer Protection Taskforce of 1,200 HMRC staff to combat fraud, one of the largest and quickest responses to a fraud risk by HMRC.
13,000 one-to-one fraud and error enquiries were opened in 20/21 and HMRC wrote to 75,000 people. We have so far stopped or recovered £743m of overclaimed grants in 20/21.
The taskforce is expected to recover up to £1.5bn from fraudulent or incorrect payments by end 22-23.
