Category: error
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£4bn lost to fraud and error on flagship HMRC ‘innovation’ scheme
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A government scheme designed to boost innovation and boost the economy has lost more than £4 billion to fraud and error since 2020, due to widespread breaches. The R&D tax credit scheme, which aims to drive world-leading innovation, has been dogged by dubious claims and has turned into what experts…
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Man Guilty After $65 Becomes $6M Error
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Image Source: News Wire In May 2021, Jatinder Singh tried to deposit just $65 into his account. Crypto.com A Crypto.com employee deposited $65 into his account using his partner’s bank account. However, due to a discrepancy between the exchange’s records and the bank account details, Crypto.com rejected the deposit. Instead…
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Deadly Osprey crash caused by mechanical failure, pilot error, US Air Force says By Reuters
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WASHINGTON (Reuters) – A U.S. military Osprey aircraft that crashed off the coast of Japan in November, killing all eight crew members, was caused by a gearbox failure and the pilot’s decision-making contributed, a U.S. Air Force investigation released on Thursday said. The U.S. military grounded its fleet of V-22…
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Nadhim Zahawi confirms he paid nearly £5m for tax error
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Former chancellor Nadhim Zahawi has confirmed to the BBC that he has paid nearly £5 million to the authorities to settle his tax affairs. The settlement was related to an investigation by HMRC into the allocation of shares in YouGov, the opinion polling company he founded before becoming an MP.…