The PAC said combined with £500m cost of revamping the system, it would bring
losses from overpayments to £1.9bn.
Edward Leigh, chairman of the
committee, said: ‘Billions of pounds, far more than those who thought up the
system ever envisaged, are still routinely overpaid to claimants.
‘Very large amounts have to be written off. And the attempts to recover
overpayments from genuine claimants have caused significant suffering to many
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy
A senior MP has questioned the impact of HMRC’s decision to undertake yet another radical overhaul of its internal structure
The Apple Tax situation; Accountants replaced by robots; and The Accountancy Age Top 50+50; all discussed by head of editorial Kevin Reed