Treasury written question – answered on 1st February 2023.
To ask the Chancellor of the Exchequer, what estimate his Department has made of HMRC's rate of return on investment for (a) covid-schemes fraud and error and (b) tax compliance recovery.
At Budget 2021, the Government announced an investment of over £100 million in the Taxpayer Protection Taskforce, to be in place for two years to April 2023, to combat fraud in the COVID-19 financial support schemes administered by His Majesty’s Revenue and Customs (Coronavirus Job Retention Scheme, Self Employed Income Support Scheme and Eat Out To Help Out). Including amounts recovered through compliance work on the COVID-19 schemes before the taskforce was formed, HMRC expects to recover £1.1bn by September 2023.
On 13 October 2022, HMRC set out their plans in an issue briefing ”HMRC issue briefing: tackling error and fraud in the Covid-19 support schemes” to transition COVID-19 compliance activity to business-as-usual compliance teams by the end of September 2023.
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