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.
HMRC has won its tenth successive case against tax avoidance schemes promoted by NT Advisors. The Court of Appeal has ruled that NT ... read more
HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last year
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
Since the release of HMRC’s plans for digital tax reforms, many have agreed with the call for a delay