Revenue should write off overpayments: Tories

Revenue should write off overpayments: Tories

The Inland Revenue must stop claiming back overpaid tax credits, according to conservative works and pension spokesman David Willetts.

Link: Tax at centre of Tories’ election campaign

He has claimed that hundreds of thousands of families are in ‘great financial distress’ as the Revenue attempts to reclaim overpayments. He said that it is often not possible to establish whether there has actually been an overpayment, or whether some fault lies at the feet of the family or Revenue, reported the Financial Times.

Willetts added that the Revenue should write off the overpayments except in the case of fraud.

There had been a rising number of complaints against the tax credits system, parliamentary ombudsman Ann Abraham told MPs before Christmas.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource