Will furlough fraud be the next big scandal? Iskander Fernandez discusses

02 Sep 2020

In July, a 57 year old West Midlands man was arrested as part of an investigation into a suspected £495,000 fraud relating to the furlough scheme. It is estimated that there has been around 9.4 million employees placed on furlough at some point through the COVID-19 crisis, since the scheme was announced, which accounts for around a third of the total UK workforce. However, not all businesses and individuals have complied with the scheme's requirements and investigations into Furlough fraud by HMRC are on the rise.

Raising awareness around this new topic is BLM's Iskander Fernandez in his article for Employee Benefits. Iskander says, "Wherever there is a complex system, there are loopholes, and some may have taken advantage of this. According to HM Revenue and Customs (HMRC), at present up to 30,000 organisations are so far suspected to have committed furlough fraud by wrongly claiming government cash they were not entitled to."

To read Iskander's full article on the Employee Benefits website, please click here.

 

 

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Disclaimer: This document does not present a complete or comprehensive statement of the law, nor does it constitute legal advice. It is intended only to highlight issues that may be of interest to clients of BLM. Specialist legal advice should always be sought in any particular case.

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Iskander Fernandez

Iskander Fernandez

Partner,
London


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