TaxAdministrationTax credit fault repayments skyrocket

Tax credit fault repayments skyrocket

The number of tax credit fault compensation payments from the Inland Revenue has rocketed from a handful to several thousand in just a year.

Link: Treasury targets £1bn of tax credits

The number peaked at 5,800 in the first quarter of this year from just 20 in the second quarter of 2003, according to figures released in the Commons by Treasury Economic Secretary John Healey.

By July and August alone, payments had totalled 3,500, he told Liberal Democrat spokesman David Laws.

The extent of the faults failed to deter the Lib Dems from demanding that the Inland revenue take over the work of the disastrous Child Support Agency.

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