HMRC debt

Treasury announces tax collection policy

8th March 2024 Arrears and Recoveries | #HMRC debt #Tax debt

The Treasury has announced that it expects to raise £240 million in the first year after launching a new tax collection policy. Private sector debt collectors will be enlisted to collect up to £4.3 billion in unpaid taxes, as part of a budget crackdown spearheaded by HMRC. The plan involves increasing HMRC’s capacity to follow…

HMRC debt levels remain high as interest rates increase

24th August 2023 Commercial Collections and Recoveries | #HMRC debt

The increase in interest rates will make it harder for taxpayers to clear these debts according to latest HMRC analysis. The HMRC says it is seeing more taxpayers getting into debt and the average value of those debts is increasing as the economic situation remains challenging. The majority of tax debt is owed by small…

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HMRC debt

Treasury announces tax collection policy

HMRC debt levels remain high as interest rates increase

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