TAx credits fraud
With any system the more complex it is the more prone to failure. The Tax Credit system, like the VAT required by the EU, is very complex so it should come as no surprise that it is being used for fraud. The Revenue and Customs have admitted that it is worth more than £5 million, and has been done using stolen identities. The identities in question where stolen from mainly shop and factory workers, rather than using the planning systems website which puts just about everything you need to steal an identity in one handy place (or the coming ID Card database which will put more than everything you need to steal an identity in one handy place). This may only be 0.03% of the £15.8bn pa spent on Tax Credits, with a further £4 billion either not being claimed of overpaid and claimed back, but when the final figures come out it will probably be a lot more.
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