Tax experts are warning of HMRC clawbacks after a man was arrested on suspicion of claiming a whopping £500k in furlough fraud.
The government now aims to clawback as much money as possible from fraudsters and slapdash claims, tax advisors say. New legislation has already been drafted to enable 100% clawbacks against fraudulent claims.
Experts are now warning "nobody who has received these grants should be complacent" as clawbacks can apply not only to fraudsters but also sloppy claims where "proper care" was not applied.
It comes as a 57-year-old man was arrested on suspicion of defrauding the furlough scheme out of £495k in Solihull, West Midlands.