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Denmark loses £1.4bn London tax fraud case
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Denmark has lost a £1.4bn tax fraud case at the High Court in London in a blow to the country’s efforts to recover monies from the sprawling “cum-ex” scandal. The Nordic country’s tax authority had…
Bodycare to shut remaining stores with loss of 444 jobs
All remaining Bodycare stores are to close with the loss of 444 jobs after the health and beauty chain’s administrators failed to find a buyer for the shops. The business, which fell into administration earlier this month, was “no longer viable to continue” trading because of “the shortage of stock and significant costs” associated with…
Covid fraud and error cost taxpayers £10.9bn, report will say
Josh MartinBusiness reporter Getty Images The report will look at Covid-era programmes like Eat Out to Help Out, which subsidised hospitality bills Covid-19 support programmes cost taxpayers nearly £11bn through fraud and error, a report will say. The Covid Counter Fraud Commissioner Tom Hayhoe will say fraudsters exploited a “golden opportunity” when he shares his…
Airbnb fined £56m by Spain for advertising unlicensed properties
The Spanish government has fined property rentals giant Airbnb €64m (£56m) for advertising unlicensed apartments. It also said that some of the properties advertised in the popular tourist destination were banned from being rented. The fine means that Airbnb has to withdraw the adverts promoting unlicensed properties. Although the Consumer Affairs Ministry said the fine…
