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Accounting FirmsHMRC

HMRC receives over £760m in furlough repayments

UHY revealed that it’s likely that many of these businesses claimed furlough money in the early stages of the pandemic as a ‘precaution’, yet later realised they weren’t impacted as badly as they might have anticipated

A sum of 3,777 businesses have voluntarily repaid over £760m in furlough grants to HMRC which they claim were “not actually needed”, according to UHY Hacker Young.

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