What is the Taxpayer Protection Taskforce?
In the Budget 2021, presented to Parliament on 3 March, the Chancellor announced that HMRC will establish a taskforce to investigate those who have fraudulently made use of government schemes set up to protect individuals and businesses against the economic impact of COVID-19 – such as the Coronavirus Job Retention Scheme (CJRS) (widely referred to as the Furlough scheme) and the Self-Employment Income Support Scheme (SEISS). In addition, we were told that the government will raise awareness of enforcement action in order to deter fraud, and will significantly strengthen law enforcement for Bounce Back Loans.
Backed by £100m of government money, the Taxpayer Protection Taskforce will deploy a team of more than 1,250 HM Revenue and Customs officials to investigate individuals and companies who have fraudulently claimed funding under these schemes, potentially leading to prosecution in some cases.
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Brazil reported a record number of deaths for the second day in a row, breaching the 2,000 level. The U.K. accused European Union politicians of damaging its vaccination program by making misleading statements that cast doubt on AstraZeneca Plc’s shot, in an escalation of tensions between the two sides.