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Furlough fraud has been on the rise recently in the UK, with increasing reports of employers taking advantage of the government’s COVID-19 job retention scheme. According to Her Majesty's Revenue and Customs (HMRC), the latest number of reports has jumped to 1868 – almost double the 795 reports received as of 12 May.
The impact of COVID-19 is unprecedented. Most countries were not ready to deal with an event of this magnitude and most businesses could not have anticipated the social and economic upheaval that the pandemic has inflicted.
Covid-19 has changed ways of working, with more outcome based deliverables required, being constantly available and demonstrating one’s value during the current pressures.
The strongest deterrent against FSP compliance missteps is or should be: