The taxman is farming out part of its debt collection operations to four
companies in moves to rake in an extra £140m of tax debt.
HMRC has signed contracts with Commercial Collection Services Ltd, Credit
Solutions Ltd, Fairfax Solicitors Ltd, iQor Recovery Services Ltd to boost
HMRC’s debt collection capacity and help the pursuit of lower value debts.
Following a successful pilot,HMRC announced in the Emergency Budget that it
was planning to use Debt Collection Agencies.
Safeguards have been put in place to ensure the companies operate under
industry and HMRC standards.
Nick Lodge, HMRC Director, Debt Management and Banking, said:
“We do understand that some businesses and individuals are not in a position
to pay what they owe and we have put procedures in place to help those who are
But those who simply refuse to pay have to be pursued, and our partnership
with DCAs ensures they will be.”
Before the debt is referred to a DCA, HMRC will write to the debtor giving
one final opportunity to pay or reach an agreement, the taxman added.
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
Does Darwin's theory apply to taxation? Colin ponders...