BusinessBusiness RecoveryRevenue hit for £1m tax credit compensation

Revenue hit for £1m tax credit compensation

The 'disastrous' introduction of the new tax credit regime has forced the Inland Revenue to pay out almost £1m in compensation to people whose payments were delayed or erroneous.

Link: Taxing deadlines for Revenue staff

Almost 11,000 claimants won compensation totalling £940,000 for errors made since the introduction of the child tax credit and working tax credit in April last year, The Telegraph reported.

The Revenue blamed difficulties with the computer system for the problems, but claimed these had now been resolved.

Earlier this year the Public Accounts Committee branded the introduction of the new tax credits ‘nothing short of disastrous’.

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