Fraud has always been a long standing issue and is especially devastating when it comes to your money and this is the challenge tax authorities are now faced with as they struggle to meet a target set which will slash the level of fraud and errors in the tax system.
Between 2008 and 2009 it’s been revealed that £2.1bn was lost from 1.2m cases of fraud or error, a figure that make up 8.9 per cent of the tax credit bill according to HM Revenue and Customs (HMRC).
This is now an issue that the government has told the authority to crack down on with a target set to cut fraud and errors to 5% by March 2011.
If you’ve been affected by fraud or theft and it’s landed you in debt, Money Advice Group can offer you advice in terms of how to eradicate the stress of balancing your bills and payments. Take debt consolidation for example, this is perfect for those of you who have a range of debt across more than one provider. The idea is that we turn all your outgoings into one monthly, manageable payment. If this is fits your situation, call us today so we can help you.
