Multinational tax avoidance is happening all around us – and it is draining public services of vital funding when they need it the most. HMRC and UK law enforcement agencies continue to lead the fight against all types of tax fraud and the UK government is attempting to prop up our struggling economy during exceptionally testing times. But what duty do businesses have when preventing all types of tax fraud?
Sadly some businesses chose to abuse the helping hand that feeds them through the financial turbulence caused by Covid-19. The government granted more than £98bn across the self-employed income support and coronavirus job retention schemes – yet there are currently 29 criminal investigations underway to recover over £15m for fraudulent claims paid across both.
In the Autumn Statement on 17 November 2022 chancellor of the exchequer Jeremy Hunt revealed that £6.7bn had been lost through fraud over...
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