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Fraud plans 'dead in the water'

Published on 6 Oct 2009 under category: legal

Government plans to form a national reporting centre to tackle fraud crimes could be in trouble, according to a source.

The proposals, which were announced by Baroness Scotland, the attorney general, earlier this year, may be "dead in the water", reports the Independent.

A source told the newspaper that this is due to a "funding issue", those involved in the investigation of fraud crimes may be interested to hear.

They said: "Nobody wants to pay for the centre so it has, in effect, been scrapped. This has been four years in the planning and is ending in nothing."

In 2008, a spokesman for the attorney general commented that a model was being worked on with regards to a national reporting centre for fraud crimes.

Then, earlier this year it was suggested that the scheme was set to be tested in the summer and could be rolled out by the end of the year.

Last month, the European Union announced plans which it hopes will reduce value added tax (VAT) fraud crimes.

This involved alterations to the system which allows businesses to claim back VAT from the government.

If you require advice on Corporate Fraud please call us on +44 (0)20 7831 0101 and ask for Dan Hyde.