Q&A: tax deductible if company funds lost through fraud?

In this week’s Q&A, Ewan Edwards, VIP tax advisor at Croner-i explains whether there’s a tax deduction when company fell foul of director fraud

My client has been the victim of a scam that resulted in the director making a significant transfer from the company’s business bank account to a fraudster impersonating a trade supplier. Can we claim a tax deduction?

Your free features:

Breaking news and expert analysis
Customisable daily newsletters
Six free CPD learning modules each year
Personalised CPD tracker
Top 75 Firms league tables
Regulatory changes
Hardman’s Tax Data

Finance | Legal updates: treating accounting liabilities as assets in business sale

Tax | Personal tax changes from 6 April 2026

Finance | Legal updates: restrictive covenants and ex-director

Finance | Legal updates: directors’ loan repayments under scrutiny