U.K. Furlough Fraud Taskforce Aims to Salvage $1.4 Billion
- Small minority cheated the system, says taskforce chief
- Tax body will pursue small number of criminal investigations
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The U.K.’s tax authority say it expects to recover about 1 billion pounds ($1.4 billion) of fraudulently or mistakenly claimed furlough cash over the next two years.
Authorities will also undertake a small number of criminal investigations relating to serious fraud regarding the government’s job support plan, Janet Alexander, an U.K. tax official, told Bloomberg Radio on Wednesday.