'I woke up to find £775,000 in my bank after HMRC gave it to me by mistake - it's turned into a nightmare'
Knowing she'd have to eventually pay the money back, the mum started to panic and even considered investing some of the cash in cryptocurrency to claw back what she'd spent.She said: "Because I could no longer pay the whole sum back I was stuck in a catch-22 position. I had a whole load of money I knew I couldn’t spend, but I was unable to do anything about it in case HMRC wanted it all back at once.
Fortunately, HMRC has said that it wants to be supportive in this case, and has offered to set up a payment plan so the woman can give back the £20,000 she spent over time. If you spend any money knowing it's not yours, you face a maximum sentence of ten years in prison and may also have to pay a heft fine.For instance,after using a £600k council windfall to clear his debts and support charity work.o repay £110,000, which he'd spent after his bank had mistakenly told him he could keep it.
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