Covid repayment window opens

The government has launched a voluntary repayment scheme to allow recipients of financial Covid support to repay outstanding money they were not entitled to or did not need with 'no questions asked'.

The government has launched a voluntary repayment scheme to allow recipients of financial Covid support to repay outstanding money they were not entitled to or did not need with 'no questions asked'.

The government says that over £10 billion was lost to pandemic fraud, flawed contracts and waste under the previous government's pandemic era procurement and schemes. £1.54 billion has already been recovered through existing efforts.

It says it will do everything in its power to recoup money lost to Covid fraud.

All Covid schemes, including loans, grants, social security and tax benefits fall under the voluntary repayment scheme.

The government says that individuals who don't take the chance to come forward and repay outstanding money could face prosecution when it receives additional investigatory powers next year.

Changes to how director disqualification works could also see more people stopped from being involved in businesses or facing compensation orders.

A Covid fraud reporting website is also being launched to allow members of the public to report suspected fraud.

Covid Counter-Fraud Commissioner Tom Hayhoe said:

'Our message to those who still owe Covid era money is simple – pay now, clear your conscience, or face the consequences.

'This money belongs in communities, the NHS, police and armed forces. Those who don't take up this straightforward offer and have knowingly, wrongly claimed tax-payer-funded help could face prosecution, disqualification, or prison.

'The digital trail is forever, so the time to settle is now - before new investigatory powers and tougher rules come into force.'

Internet link: GOV.UK

Latest News

Find out more
Find out more
Find out more

Testimonials

simon-dixon.jpg

After working with Nicholas Charles for a year, we brought him on to join our board advisory team for BankToTheFuture.com because of his unique combination of financial tax advice, commercial understanding and ability to introduce the right connections at the right time. Nicholas has provided tax advice to our investors, facilitated introductions to investors as well as help us to implement controls and procedures to get the right balance of compliance, responsible procedures and good business practices. If you want somebody that understands the commercials of business and deal making combined with the technical skills of finance, tax and increasing shareholder value, Nicholas Charles is your man.

Simon Dixon | CEO & Co-Founder BankToTheFuture.com
paul-strank.jpg

Nicholas has been an active supporter of our charity, and the Charles Group have sponsored our last three summer parties. He understands family businesses like ours but more importantly the need to give back to the local community and the life changing differences that can be brought about by charities. This is why we quickly became a client of the Charles Group. Nicholas appreciates that having a purpose greater than the individual needs of members can bring a family closer together as well as inspire the next generation. We admire Nicholas’ authentic approach towards Family Prosperity.

Paul Strank MBE and Irene Strank MBE | Founders of Paul Strank Roofing and the Paul Strank Charitable Trust
penny-power.jpg

I have worked with the Charles Group for 2 years on some very exciting projects and his ability to listen, provide objective advice and support my goals and ambitions has been a tremendous asset to me and my businesses. Nicholas cares deeply about those he works with and seeks to ensure great outcomes for all.

Penny Power OBE | Serial Entrepreneur
ehsen-shah.jpg

The Charles Group has been our trusted accountants since we founded B-Engaged in 2013. Over the years, they’ve become an integral part of our journey, consistently going above and beyond to help us save money, optimize our structures, and minimize tax liabilities. They are more than accountants—they are key partners in our success.

Ehsen Shah | Founder and CEO of B-Engaged: Sports Marketing Activations Agency
Gabby-Chrysanthou.jpg

From our early days as a startup to becoming one of the largest suppliers to Assos and River Island, The Charles Group has been a constant and invaluable partner. They’ve played a vital role in reducing our overheads, analysing and advising on client profitability, setting up our internal bookkeeping systems, and providing invaluable business guidance. Their expertise has also helped us manage and reduce our growing tax liabilities. The team at The Charles Group has truly become part of our business family.

Gabby Chrysanthou | Director and co-founder of Loaded London