HMRC gets tough with new Debt Collection powers
As part of the Governments new budget announcement, the HMRC are to be given new powers to strengthen their Debt Collection powers as part of a drive to increase revenue for the state. Tax evaders will...
View ArticleHMRC Debt Collection shame
The latest figures from ‘False Economy’ shows 215,144 occasions where the HMRC relied on its panel of Debt Collection Agencies to highlight cases where they had been wrongly instructed to collect...
View ArticleGovernment’s Debt Collection initiative has failed say MPs
The Committee of public accounts has said that efforts to recover 22 Billion pounds worth of debt owing to the government have failed dramatically and a new plan needs to be devised according to a new...
View ArticleHMRC scales down use of Debt Collection Agencies
The HMRC has more than halved its use of Debt Collection Agencies according to reported research conducted by Chartered Accountants UHY Hacker Young. Their report suggests that the HMRC slashed use of...
View ArticlePrivate debt collectors to fetch back payments made in error
Households that received money they did not claim may get a knock on the door… Thousands of struggling families who have been overpaid tax credits in error could face demands for repayment from private...
View ArticleHMRC’s Debt Collection shambles
Research conducted by the Citizens Advice Bureau has named and shamed the HMRC as the worst organisation for recovering outstanding debts in the United Kingdom. The report has the HMRC ranked bottom in...
View ArticleBusiness experts predict liquidation boom
Leading figures in British Business have warned of a possible boom in Company liquidations over the next 3 months amid fears of new tax rules. Thousands of entrepreneurs are predicted to liquidate...
View ArticleHMRC seized assets from nearly 2,000 SME’s
More than 1,953 businesses had their assets seized from HMRC in 2016/17 demonstrating that the HMRC are using more aggressive methods to obtain unpaid tax. According to Funding Options, the online...
View ArticleHMRC close in on Footballers and SMEs
HMRC are taking drastic action to cut down on the number of evasion and avoidance of tax payments, specifically closing in on Footballers and SME’s. The details came after two Manchester United players...
View ArticleHMRC triples spend on debt collectors
In the last three years, pay to private debt collectors from the HMRC has risen by 500%, whereby signifying the HMRC are stepping up the pressure on people who cannot pay their tax bills. According to...
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