TaxPersonal TaxHMRC slow to chase debts

HMRC slow to chase debts

30% of tax payments are late

The number of UK tax debts rose by 22% during 2007-08, leaving an
outstanding bill of £17bn, according to a Commons Public Accounts Committee
statement.

HM Revenue Customs had been slow to introduce basic receivables management
methods used by most organisations.

In recent years, HMRC has made more methods of payment available to
taxpayers, but has not kept up with the latest developments in payment
technoloy, the report noted.

It could benefit by risk-scoring debtors, and by undertaking collection
activities outside of 9-5 hours, when this tended to be the best time to contact
people.

Related Articles

LITRG urges government to consider tax changes in disability work plan

Administration LITRG urges government to consider tax changes in disability work plan

2d Lucy Skoulding, Reporter
HMRC urged to clarify impact of income allowances on Self-Assessments

Personal Tax HMRC urged to clarify impact of income allowances on Self-Assessments

2m Alia Shoaib, Reporter
HMRC tax evasion assistance requests double in five years

Corporate Tax HMRC tax evasion assistance requests double in five years

5m Emma Smith, Managing Editor
Rangers tax case to have ‘dramatic’ consequences for football and business

Legal Rangers tax case to have ‘dramatic’ consequences for football and business

5m Emma Smith, Managing Editor
HMRC collects record £5bn in inheritance tax

HMRC HMRC collects record £5bn in inheritance tax

6m Emma Smith, Managing Editor
The top three issues that the next government must address for accountants

Making Tax Digital The top three issues that the next government must address for accountants

6m Emma Smith, Managing Editor
HMRC cuts over 150 offices to reduce running costs

Corporate Tax HMRC cuts over 150 offices to reduce running costs

11m Stephanie Wix, Writer
Finance Bill 2017: Corporate tax reporting requirements 'a burden'

Business Regulation Finance Bill 2017: Corporate tax reporting requirements 'a burden'

1y Stephanie Wix, Writer