UK Tax Head Says Theft, Error Ate Up To $4.5B In Furlough Aid

Law360 (September 9, 2020, 4:49 PM EDT) -- As much as £3.5 billion ($4.5 billion) in funds to help U.K. employers keep workers on their payrolls during the COVID-19 pandemic could have been stolen by fraudsters or paid in error, the country's top tax official told lawmakers.

HM Revenue & Customs estimates that up to 10% of money appropriated through the government's furlough program was wrongfully paid, Jim Harra, the agency's chief executive, told a committee in Parliament on Monday.

From March through August, the Coronavirus Job Retention Scheme provided U.K. employers up to 80% of the salary cost of furloughed employees who couldn't work because of the pandemic,...

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