(Reuters) – British companies have returned more than 1 billion pounds ($ 1.4 billion) in cash without permission as investors pressure administrations to refund taxpayer funds taken during the COVID-19 pandemic before paying. big bonuses, the Financial Times said on Thursday.
The companies have reimbursed £ 709 million to HM Revenue & Customs that had been claimed under the government’s coronavirus job retention scheme, the newspaper said, with another £ 319 million returned as excess claimed funds taken in error.
The document https://on.ft.com/3pZKW7g cited data obtained through a Freedom of Information Request (FOI). The amount is still far less than the £ 64 billion total the Treasury spent through May 14 under the licensing scheme.
($ 1 = 0.7144 pounds)
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